Stagflation is defined as: a. decreased output accompanied by a ...

[tth]

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.

[tandmlomax84]

Answer to Question 1

a

Answer to Question 2

b

[tth]

Thanks for the timely response, appreciate it

[matt95]

YES! Correct, THANKS for helping me on my review