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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.
What is the difference between recession and inflation?
Recession is a period of economic decline characterized by a decrease in economic activity, while inflation is a general increase in prices of goods and services.
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 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.
What is the difference between recession and inflation?
Recession is a period of economic decline characterized by a decrease in economic activity, while inflation is a general increase in prices of goods and services.
Which term describes a sustained increase in the general level of prices?
Inflation describes a sustained increase in the general level of prices over a period of time, resulting in a decrease in the purchasing power of a currency.
What best describes the Bazillion miracle of the 1970's?
The Bazillion miracle refers to the economic recovery of Brazil in the 1970s, characterized by high economic growth rates fueled by industrialization and government investment. This period saw significant infrastructure development and an expansion of the middle class. However, the economic boom was accompanied by rising inflation and increasing foreign debt.
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
In a period of low inflation and economic recession, the federal reserve is expected to take which action?
Tightening the money supply
What is the difference between recession, depression, and inflation?
Recession is a period of economic decline, depression is a severe and prolonged recession, and inflation is the increase in prices of goods and services over time.
What is a boom in a business?
A boom is a period of rapid economic growth, prosperity.
