Stagnant economy is the one which shows:
(a) little growth in income
(c) low level of productivity
(b) high growth in income
(d) both (a) and (c)
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c) low level of productivity.
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0
Option d is the correct answer.
Stagnant economy is the one which shows:
- (a) little growth in income
- (c) low level of productivity
During stagnation following features are most prevalent in an economy or we can say if following features exist in an economy then it is stagnant:
- High level of unemployment as well as Involuntary unemployment
- Low economic output or low level of productivity
- Little growth in income
- No highs in stock market
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