Q.

According to Harrod-Domar model, once the steady growth is interrupted and the economy falls into disequilibrium, cumulative forces tend to perpetuate divergence thereby leading to

A. inflation in the economy
B. either secular deflation or secular inflation
C. Low economic growth rates
D. All of the above
Answer» B. either secular deflation or secular inflation
4k
0
Do you find this helpful?
46

View all MCQs in

Macroeconomics 2

Discussion

No comments yet