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Define Economic Stagnation
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- What is economic transitionA complete macroeconomic model would not like include the following market A- labor B- capital C- underground market D- national goods and services.Which of the following prices would you expect to rise rapidly over long periods? Why? Cable television rates Football tickets Internet access Household cleaning services Driving lessons
- What economic problem is shown in the graph provided? a. Recession b. Inflation c. Economic Growth d. StagflationWhich of the following is not a micro-economic variable?[A] Demand of a commodity[B] Supply of a commodity[C] Price rise of a commodity[D] Employment generated in a year in a countryWhat do you understand by an economic cycle?
- define macro or micro economics ?According to the article, When Reality Bites, which demographic is most affected by economic downturns?How can an economy increase the production of one good without reducing the production of another? Identify at least three factors that contribute to this increase and explain how they contribute to the increase.