Deflation is:
A) continuing falls in the general price level
B) a onetime increase in the general price level
C) continuing increases in the general price level
D) a onetime fall in the general price level
Correct Answer:
Verified
Q19: As a result of deflation:
A) borrowers gain
Q20: The long- run aggregate supply curve is
Q21: The aggregate demand curve will shift outwards
Q22: The aggregate demand curve will shift inwards
Q23: Suppose the Australian economy is initially in
Q25: Which of the following is NOT a
Q26: Demand- pull inflation is caused by:
A) not
Q27: The term 'rational expectations' means:
A) people make
Q28: The aggregate demand curve:
A) is horizontal
B) slopes
Q29: Cost- push inflation is the result of:
A)
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