Stagflation Refers to

question 12

Multiple Choice

Stagflation refers to

• A)a reduction in inflation.
• B)a simultaneous reduction in inflation and reduction in unemployment.
• C)a liquidity trap.
• D)reduction in the price level and a reduction in the unemployment rate.
• E) none of the above

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Definitions:

Growth of Cities

The increase in size and population of urban areas, often due to migration from rural areas and the expansion of economic opportunities.

Peripheralization

The process of marginalizing a group or area, often economically or socially, making them peripheral or less central to the main focus of activity.

Industrialization

denotes the process of transforming economies from primarily agricultural to predominantly manufacturing and industrial in nature.

Primary Forces

Fundamental or principal forces driving changes or developments in various fields, such as technology, society, or economics.