What Is the Name Commonly Given to the Situation in Which

question 133

Multiple Choice

What is the name commonly given to the situation in which inflation is up and real GDP is down?

• A)Stagflation
• B)Reinflation
• C)Disinflation
• D)Backward recession
• E)None of these

---

Definitions:

Trial Balance

A trial balance is a bookkeeping worksheet wherein the balances of all ledgers are compiled into debit and credit account columns to ensure total debits equal total credits.

Debits

Debits are accounting entries that increase asset or expense accounts, or decrease liability, equity, or revenue accounts.

Credits

Entries in accounting that increase liabilities or equity accounts, or that decrease asset or expense accounts, reflecting the sources of funds.

Horizontal Analysis

A financial analysis technique that compares historical financial data over a series of periods to identify trends and growth patterns.