Answer:
Market: Means by which individuals interact to buy or to sell; mechanism that coordinates the independent intentions of buyers and sellers.
Before we can go on, it is important to understand what economic actors are interacting in these markets and their relationships to one another.
Four (broadly defined) economic actors are:
1. Households
2. Firms
3. Governments
4. "The Rest of the World"
Explanation:
<span>How does the First Amendment phrase its protections of religion?
</span><span>"All men shall be free to profess, and by argument to maintain, their opinion in matters of religion, and that the same shall in no wise diminish enlarge, or affect their civil capacities."
</span><span>What does the religion clause of the First Amendment actually say?
</span><span>"Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof."</span>
Answer:
B.high unemployment and high inflation at the same time
Explanation:
Stagflation can be defined as a situation characterised by high unemployment and inflation rate simultaneously. This is when an economy is experiencing high inflation rate and high unemployment rate at the same time.
Inflation can be defined as the persistent increase in the general price level of goods and services in a country.
Unemployment can be defined as a situation in which a person who is willing and capable cannot not find a suitable job. Unemployed people refers to the portion of a country's labor force who does not have a job.
Stagflation is characterised by low economic growth, high unemployment rate, high inflation rate.
