Asked by Jessica Lapnow on Jul 02, 2024
Verified
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.
Verified Answer
Learning Objectives
- Understand the definition and importance of economic stability.
Related questions
Suppose That Changes in Aggregate Demand Tended to Be Infrequent ...
The Government of Ligesia, a Country in South America, Has ...
Do You Think a Country with High Levels of Inflation ...
The Central Bank of Kilberis, a Country in Western Europe ...
Powerful Corporations Want Stable Political Conditions in Countries in Which ...