Economics 9708 · AS & A Level · Price stability and inflation

Price stability and inflation — practice question

Over the long run, productive potential in an economy increases by an average of 3% each year. In one specific year, actual growth is 0 because domestic consumption falls. What is likely to happen?

  • Aan increase in unemployment
  • Ban increase in the rate of inflation
  • Can increase in the trade deficit
  • Da reduction in the government budget deficit

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