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11 Dec 2019
The citizens of Country D have noticed that the average prices of most goods within their nation have begun to rise. At the same time, employers are not raising wages at the same rate. The combination of these challenges has resulted in a decrease in overall demand, causing a decline in GDP.
According to the scenario, what is the greatest economic challenge that Country D is facing?
A) unemployment
B) stagflation
C) high production
D) high wages
The citizens of Country D have noticed that the average prices of most goods within their nation have begun to rise. At the same time, employers are not raising wages at the same rate. The combination of these challenges has resulted in a decrease in overall demand, causing a decline in GDP.
According to the scenario, what is the greatest economic challenge that Country D is facing?
A) unemployment
B) stagflation
C) high production
D) high wages
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Richa AroraLv10
9 Sep 2020