Economics 9708 · AS & A Level · Balance of payments

Balance of payments — practice question

An economy is facing a negative output gap. What is most likely to happen to the inflation rate and to unemployment in this economy?

  • Ainflation rate decreases / unemployment decreases
  • Binflation rate decreases / unemployment increases
  • Cinflation rate increases / unemployment decreases
  • Dinflation rate increases / unemployment increases

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