Question : Stagflation refers to a situation which is characterised by
Option 1: Stagnant employment and deflation
Option 2: deflation and rising unemployment
Option 3: inflation and rising employment
Option 4: inflation and rising unemployment
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Correct Answer: inflation and rising unemployment
Solution : The correct option is inflation and rising unemployment.
Stagflation is a term used to describe an economic scenario that combines high unemployment, slow economic growth, and high inflation. Despite the lack of economic expansion, unemployment is still very high. This can be particularly difficult because economic stagnation is frequently accompanied by reduced inflation and, as a result, decreased unemployment. The peculiar feature of stagflation is high inflation. In a typical economic scenario, a high unemployment rate tends to push prices lower (deflationary), but in a stagflationary setting, prices continue to grow significantly.
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Question : Pump priming should be resorted at a time of _________.
Option 1: inflation
Option 2: deflation
Option 3: stagflation
Option 4: reflation
Question : Which of the following is represented by "The Lorenz Curve"?
Option 1: Employment
Option 2: Inflation
Option 3: Deflation
Option 4: Income Distribution
Question : Which one of the following is also regarded as disguised unemployment?
Option 1: Under employment
Option 2: Frictional unemployment
Option 3: Seasonal unemployment
Option 4: Cyclical unemployment
Question : Inflation is a situation characterised by
Option 1: too much money chasing too few goods
Option 2: too few money chasing too many goods
Option 3: too many people chasing too few goods
Option 4: too many people chasing too little money
Question : Lorenz curve shows:
Option 1: Inflation
Option 2: Unemployment
Option 3: Income distribution
Option 4: Poverty
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