« previous next »

Author Question: Explain the difference between economic growth and stability. Can a country experience both at the ... (Read 20 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?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Growth of a bacterial colony. Growth of a bacterial colony.
Urban Growth and Urban Flight Urban Growth and Urban Flight
Growth in Warm Clouds Growth in Warm Clouds
Resting Membrane Potential: Voltage Difference Resting Membrane Potential: Voltage Difference
This table shows the growth of a crowd at a rally over a 3 h period. This table shows the growth of a crowd at a rally over a 3 h period.
economic question economic question
Video: Interview with Person having Obsessive Compulsive Disorder

For a complete list of videos, visit our video library