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Author Question: Stagflation is defined as: a. decreased output accompanied by a higher price level. b. decreased ... (Read 104 times)

tth

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on: Jun 30, 2018
Stagflation is defined as:
 a. decreased output accompanied by a higher price level.
  b. decreased output accompanied by a lower price level.
  c. increased output accompanied by a lower price level.
  d. increased output accompanied by a higher price level.
  e. stagnation in the rate of inflation.

Question 2

In an economy in which velocity is constant and the same level of real output is produced year after year, a slow increase in the money supply would result in a:
 a. constant price level.
 b. slowly increasing price level.
  c. rapidly increasing price level.
  d. slowly increasing real GDP.
 e. rapidly increasing real GDP.


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tandmlomax84

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

b


tth

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Reply 2 on: Jun 30, 2018
Excellent

bimper21

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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