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Author Question: The term stagflation is used to define an economic situation where there are adverse supply shocks ... (Read 69 times)

bobypop

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on: Jun 30, 2018
The term stagflation is used to define an economic situation where there are adverse supply shocks which cause a fall in output but with increasing price level.
 
  Indicate whether the statement is true or false

Question 2

If producers have an expectation of higher future prices, the supply of the good that is currently available
 
  A) will be all that is produced. B) will decrease.
  C) will not change. D) will increase.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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stillxalice

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

TRUE

Answer to Question 2

B


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