Question
An economy is at potential GDP when it experiences an increase in costs. The economy experiences _______. Question content area bottom Part 1 A. a
An economy is at potential GDP when it experiences an increase in costs.
The economy experiences _______.
Question content area bottom
Part 1
A.
a fall in the price level and a decrease in real GDP
B.
a rise in the price level and a decrease in potential GDP
C.
stagflation
D.
a rise in the price level and an increase in real GDP
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The Business of Tourism Management
Authors: John Beech, Simon Chadwick
1st edition
273688013, 273688014, 9781405871631 , 978-0273688013
