« previous next »

Author Question: Explain the difference between economic growth and stability. Can a country experience both at the ... (Read 26 times)

captainjonesify

  • Hero Member
  • *****
  • Posts: 543
on: Jun 29, 2018
Explain the difference between economic growth and stability. Can a country experience both at the same time? Why or why not?
 
  What will be an ideal response?

Question 2

Potential GDP is also referred to as
 
  A) full-employment GDP. B) politico-economic GDP.
  C) realized GDP. D) balanced-budget GDP.


cswans24

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 29, 2018
Answer to Question 1

Economic growth refers to an increase in the total output of the economy. Stability occurs when output is steady or growing, with low inflation and full employment of resources. Yes, a country can experience both economic growth and stability at the same time, as long as the increase in output is not accompanied by a rising price level. The late 1990s were a period of growth for the U.S. economy with low inflation.

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Abnormal Growth in Mice Mammary Tissue Abnormal Growth in Mice Mammary Tissue
A pharmacist can explain to a patient why medication may look different and ensure the correct ... A pharmacist can explain to a patient why medication may look different and ensure the correct ...
IPCC economic scenarios IPCC economic scenarios
Role of Factors of Production in Determining Growth, 1975–2009 Role of Factors of Production in Determining Growth, 1975–2009
economic economic
economic question economic question
Video: ADH and the arterioles, kidneys, sweat glands and the Atrial natriuretic peptide (ANP)

For a complete list of videos, visit our video library