0
Both inflation and recession are occurring. A special term was coined for that. It is stagflation.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
Which economic term describes a period of slow economic growth that also has inflation?
Recession
If there is not enough money in the circulation what happens to businesses?
It is called an inflation or recession.
How is inflation and employment levels related?
Inflation causes people to save on everything. This makes commerce to sell less. Selling less causes unemployment. Unemployment and low consumption cause recession. No inflation implies on high consumption which must be controlled as well, but is much better than inflation and recession.
What is it called when all of the prices go up during a recession?
Inflation?
If the inflation rate is higher than the GDP rate is there a recession?
The US govt. classifies a recession as 2 back to back quarters of negative GDP growth.
What is relationship between inflation and recession?
The relationship between inflation and recession is that a recession will cause inflation to go down. The reason for this is due to their being less money being spent due to the recession.
Which economic term describes a period of slow economic growth that also has inflation?
Recession
If there is not enough money in the circulation what happens to businesses?
It is called an inflation or recession.
What economic problems do politicians most commonly face?
Inflation and Recession.
How is inflation and employment levels related?
Inflation causes people to save on everything. This makes commerce to sell less. Selling less causes unemployment. Unemployment and low consumption cause recession. No inflation implies on high consumption which must be controlled as well, but is much better than inflation and recession.
What is it called when all of the prices go up during a recession?
Inflation?
Impact of recession?
high interest rates such as the repo rates and high inflation rate
If the inflation rate is higher than the GDP rate is there a recession?
The US govt. classifies a recession as 2 back to back quarters of negative GDP growth.
When using fiscal policy the government will do just the opposite to control inflation than it does to control?
recession..A+
What is the difference between recession and deflation?
recession is when you have no growth in the economy for at least 6 months and deflation is when prices in general instead of getting more expensive go down or are less expensive. When you are in a recession depending on the particular recession prices can go up down or stay the more or less the same
What raised the most serious doubts about the effectiveness of Keynesian economics?
The combination of recession and high inflation in the 1970s
What was one of the major causes of inflation and a recession in the US during the 1970 and early 1980?
Gas crisis
