Inflation isSelect one:a. A period of rising income in the economy.b. An increase in actual GDP in an economy.c. Boost in the as whole price level in the economy. D. A duration of climbing wages in the economy.

You are watching: The term inflation is used to describe a situation in which

c. Inflation is a duration in i beg your pardon prices usually rise. The overall price level, as measured by one index, rises however not every price rises. Some may actually fall, however the in its entirety average rises.
If prices rise by 10,000% in year, the economy is claimed to haveSelect one:a. One inflationary spiral.b. A recessionary spiral.c. Inflation.d. Hyperinflation.
d. Hyperinflation is really high rate of inflation. The condition forces changes in economic habits by rapidly decreasing the value of the currency.
Stagflation is identified by __________________ prices and ________________ unemployment.Select one:a. Increasing, lowb. Increasing, high c. Decreasing, lowd. Decreasing, high
b. Stagflation method an economic climate is stagnant, or not growing, and also experiencing inflation. The usual reason of stagflation is a short-run it is provided shock that shifts the short-run accumulation supply curve come the left.
Stagflation defines a duration in i beg your pardon both prices and unemployment space increasing.Select one:True False
True Stagflation is a mix of inflation and also stagnation, or absence of growth in the economy. Stagflation is constantly characterized by increasing unemployment and also prices.
Which of the adhering to is not linked with hyperinflation?Select one:a. High shoeleather costsb. Raising real GDP c. The hoarding the goodsd. War or a post-war economy
b. Boosting real GDP would have tendency to reduce the price level by shifting the accumulation supply curve outward. When hyperinflation occurs, real GDP is typically falling and also the federal government prints money to salary its bills and also temporarily hide the loss in actual GDP.
Economists use the ax inflation to describe a situation in whichSelect one:a. Income in the economic climate are increasing.b. Stock market prices room rising.c. The overall level of price in the economy is increasing. D. The economic climate is cultivation rapidly.
c. The term inflation is used to describe a instance in i m sorry the basic price throughout the economic climate is rising.
Which that the adhering to measures speak a human being how rapid the purchasing strength of a save account grows over time?Select one:a. The nominal attention rateb. The actual interest price c. Both the real and nominal interest ratesd. The attention rate released by the financial institution
b. The actual interest price is the only true measure of a adjust in the purchasing power. The real interest rate is the nominal price minus the rate of inflation.
Which of the adhering to statements regarding inflation is incorrect?Select one:a. Inflation is a general increase in all prices across an economy.b. Inflation reduce the worth of money.c. Inflation is a duration of rising genuine GDP. D. Most nations experience a slow increase in the as whole price level.
c. This declare is incorrect. Inflation is not defined by raising real GDP. Once prices room falling, the real value that GDP may fall.
Stagflation is a mix ofSelect one:a. Climbing prices and output.b. Fall prices and also output.c. Fall prices and rising output.d. Increasing prices and also falling output.
d. Stagflation is a duration of inflation and also stagnation. This unique mix causes an boosted price level accompanied by decreasing output.
Bolivia"s 38,000% price rise in 6 months in 1985 is an instance ofSelect one:a. Inflation.b. Hyperinflation. C. Stagflation.d. Deflation.
b. Periods of hyperinflation are identified by a very rapid increase in prices. Most economies experience a secure price increase. However, the 38,000% price boost in 6 months shows hyperinflation.

See more: Making An Ancient Roman Tunic Pattern : Sewing, Roman Tunic Pattern

In 1974 U.S. Prices climbed at a rate of 11%, when output fell by 0.6%. This is an example ofSelect one:a. Inflation.b. Hyperinflation.c. Stagflation. D. Deflation
c. Periods of stagflation are defined by increasing prices and also falling output. The U.S. Economic situation in 1974 is a great example that stagflation.