Flat Economy is income that does not increase over time.

True

False

The answer is true, flat economy

TRUE

Explanation:

The definition of flat economy is the state of an economy in which growth is slow, flat or declining. The term can refer to the economy as a whole or a component of the economy as in cases of stagnation of income over time. On the contrary, when an economy has an increase in income and productivity bias, we say that the economy is strong.