Author Question: Stagflation is a situation with high unemployment rates, high inflation rates, and little or no ... (Read 105 times)

captainjonesify

  • Hero Member
  • *****
  • Posts: 543
Stagflation is a situation with high unemployment rates, high inflation rates, and little or no growth in the economy.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which of the following most clearly illustrates the concept of derived demand?
 a. An increase in the price of steak causes the demand for poultry to increase.
  b. An increase in the demand for new houses leads to an increase in the demand for construction workers.
  c. An increase in consumer income leads to an increase in the demand for services provided by the government.
  d. An increase in the demand for new cars causes the demand for used automobiles to rise.



juicepod

  • Sr. Member
  • ****
  • Posts: 310
Answer to Question 1

True

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

For a complete list of videos, visit our video library