Asked by Jessica Lapnow on Jul 02, 2024

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Economic stability refers to the condition of steady growth in national output, with ________ inflation and ________ employment of resources.

A) negative; low
B) low; full
C) high; full
D) no; no

Economic Stability

A state in which financial markets and the economy are able to function efficiently and enduringly, free from extreme fluctuations.

National Output

National Output is the total value of all goods and services produced by an economy over a specific period, typically measured as GDP.

Inflation

Inflation is the rate at which the general level of prices for goods and services is rising, eroding purchasing power.

  • Understand the definition and importance of economic stability.
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CS
Cristiane Silva7 days ago
Final Answer :
B
Explanation :
Economic stability is characterized by steady growth in national output, low inflation, and full employment of resources, which ensures a stable and healthy economy.