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Which economic term describes a period of slow economic growth that also has inflation?
Wiki User
∙ 12y ago
Recession
Wiki User
∙ 11y ago
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What is a period of economic growth called?
A period of economic growth is an economic boom
Best describes a period of inflation?
A period of inflation is best described as follows: When prices are going up, but the value wages is remaining the same or decreasing.
Which best describes a period of inflation?
A period of inflation is best described as follows: When prices are going up, but the value wages is remaining the same or decreasing.
How economic growth of a country is measured?
Economic Growth can be defined as an increase in output produced by an economy in a period of time (usually a year) or an increase in the ability of an economy to produce goods and services. Economic Growth itself can be measured by measuring an increase in GDP, Real GDP (GDP adjusted for inflation), or Real GDP per capita (a measure of standard of living) which means the increase in real output per person.
What is a period of rising economic growth and increasing employment.?
Recovery
What does the term Stagflation referred to?
a period of high inflation and slow economic growth
What is a period of economic growth called?
A period of economic growth is an economic boom
Best describes a period of inflation?
A period of inflation is best described as follows: When prices are going up, but the value wages is remaining the same or decreasing.
Which best describes a period of inflation?
A period of inflation is best described as follows: When prices are going up, but the value wages is remaining the same or decreasing.
How economic growth of a country is measured?
Economic Growth can be defined as an increase in output produced by an economy in a period of time (usually a year) or an increase in the ability of an economy to produce goods and services. Economic Growth itself can be measured by measuring an increase in GDP, Real GDP (GDP adjusted for inflation), or Real GDP per capita (a measure of standard of living) which means the increase in real output per person.
What is a period of rising economic growth and increasing employment.?
Recovery
What is a boom in a business?
A boom is a period of rapid economic growth, prosperity.
In a period of low inflation and economic recession, the federal reserve is expected to take which action?
Tightening the money supply
What is 2 economic benefits to Ireland of having low rate of inflation?
Two benefits to Ireland of low rate inflation is:1. Because the price of goods and services from one period to the next remain generally low. e.g a can of coke in Switzerland costs 4 euro while a can of coke here in Ireland costs 1 euro.2. It can help in economic growth (The rise in quantity of goods and services produced/made from one period to the next)
Why does the government want to keep inflation low?
High inflation simply means an increase in price over a period of time, the government wants to keep inflation down as it means prices will not be ridiculously high. This would lead to more consumption and therefore help contribute to economic growth
What Level of economic growth in consumer price index?
Ok to begin with that question makes no sense, the reason being the definition of the CPI ( consumer price index ) is as follows... CPI = is a measure of the cost of goods & services purchased by the consumer over a period of one year and is determined by the change in the price levels of a specific basket of goods. e.g. clothes and computers. It is calculated on a "base average" and usually starts in a year where the general price levels is constant i.e. a base year, represented by 100; as subsequent years pass, the CPI may either rise or fall as a result of either the price of the basket of goods either rise or fall. In essence CPI is a means of calculating the inflation rate of goods the individual consumes over a period of time ! ECONOMIC GROWTH = a sustained increase in real GDP per capita; Therefore according to economic theory as econ growth takes place inflation ( CPI ) will increase. In conclusion for econ growth to take place there must be some level of inflation, However Inflation is occurring it need not necessarily be accompanied by economic growth ! Vax.
What is entire period of economic growth followed by slowing or declining?
A business cycle
