Symbiosis National Aptitude Test SNAP 2012 Paper
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Question : 93 of 150
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A. 'It's a tricky business', says Allan H. Meltzer, an economist at Carnegie mellon University and a former economic adviser to President Reagan.
B. Some policy- makers are focused on staving off the opposite problem- deflation, or falling prices, as demand weakens to the point that goods pile up without buyers, sending prices down and reducing the incentive for businesses to invest.
C. That could shrink demand further and perhaps even deliver the sort of downward spiral that pinned Japan in the weeds of stagnant growth during the 1990s.
D. "There's no math model that tells us when to do it or how."
E. But that, as most economists see it, is a worry for another day.
B. Some policy- makers are focused on staving off the opposite problem- deflation, or falling prices, as demand weakens to the point that goods pile up without buyers, sending prices down and reducing the incentive for businesses to invest.
C. That could shrink demand further and perhaps even deliver the sort of downward spiral that pinned Japan in the weeds of stagnant growth during the 1990s.
D. "There's no math model that tells us when to do it or how."
E. But that, as most economists see it, is a worry for another day.
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