Goldilocks Economy is characterized by:
- low unemployment rate
- low inflation
- steady GDP growth
Which of the above statements is/are correct?
Goldilocks is an economy that is not so hot that it causes inflation, and not so cold that it causes a recession. There are no exact markers of a Goldilocks economy, but it is characterized by a lowunemployment rate, increasing asset prices (stocks, real estate, etc.), low interest rates, brisk but steady GDP growth and low inflation.
This question is a part of GKToday's Integrated IAS General Studies Module