Inflation is defined as ( ).
A: an increase in the overall level of prices in the economy
B: a period of rising productivity in the economy
C: an increase in the overall level of output in the economy
D: a period of rising income in the economy
A: an increase in the overall level of prices in the economy
B: a period of rising productivity in the economy
C: an increase in the overall level of output in the economy
D: a period of rising income in the economy
举一反三
- As the economy enters a boom we can generally expect that A: inflation will decrease with little change in the unemployment rate B: unemployment will increase and inflation will decrease C: nominal GDP will increase but only because of an increase in the price level D: inflation will increase and the unemployment rate will decrease E: output will increase with little change in unemployment or inflation
- For every 10% increase in the importance of a country's international trade in an economy, the per capita income level will rise by at least 5%. ()
- 中国大学MOOC: Unemployment is rising, prices are increasing; ______, the economy is in trouble.
- After a period of prosperity (1920-1929), government involvement in the economy increased ________.
- The American economy witnessed a period of prosperity in the early 20th century.