Stagflation Refers to

question 104

Multiple Choice

Stagflation refers to

• A)a combination of rising unemployment and rising trade deficits
• B)a combination of high unemployment and rising prices
• C)high and rapidly increasing inflation
• D)extremely high unemployment
• E)a combination of rising trade deficits and rising federal government budget deficits

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Definitions:

Accurate

The quality of being close to the true or correct value, without significant error or distortion.

Cent

A unit of currency equaling one-hundredth of various currencies, including the US dollar and the Euro.

Significant Figures

The digits in a number that are meaningful in terms of accuracy or precision, typically used in scientific measurements.

Percent

A ratio or fraction out of 100 used to express quantities in fractions of a hundred.