Asked by
Eskander Kian Ben Aissa
on Oct 13, 2024
Verified
Which one of these is our greatest economic problem today?
A) High unemployment
B) High inflation
C) High imports
D) Deflation
Economic Problem
When we have limited resources available to fulfill society’s relatively limitless wants.
Unemployment
The situation in which individuals who are capable of working and actively seeking employment are unable to find a job.
Inflation
A rise in the general level of prices of goods and services in an economy over a period of time.
- Examine methods for addressing gaps caused by inflation and deflation, and their influence on the attainment of full employment Gross Domestic Product.
Verified Answer
NB
Learning Objectives
- Examine methods for addressing gaps caused by inflation and deflation, and their influence on the attainment of full employment Gross Domestic Product.