Multiple Choice
Which statement is TRUE about inflation and deflation?
A) Both are good for the economy.
B) Inflation is always good for the economy and deflation is always bad for the economy.
C) Inflation is always bad for the economy and deflation is always good for the economy.
D) Both inflation and deflation can pose problems for the economy.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: The General Theory of Employment, Interest, and
Q3: Fiscal policy can be used to reduce
Q4: In the United States, recessions are typically
Q5: Rising total output accompanied by increasing employment
Q6: The business cycle is the long-run alternation
Q8: With regard to the aggregate price level,
Q9: If a country sells more goods and
Q10: The peak of the business cycle provides
Q11: Periods in which output and employment are
Q12: How the actions of individuals and firms