With regard to the aggregate price level, economists generally believe that:
A) price stability is desirable.
B) inflation is worse than deflation.
C) deflation is worse than inflation.
D) inflation benefits most retired people.
Correct Answer:
Verified
Q99: If workers' nominal wages have risen by
Q100: Long-run growth is the:
A) sustained upward trend
Q101: Inflation affects people adversely because:
A) nominal income
Q102: Which statement is CORRECT?
A) Supply and demand
Q103: Price stability occurs when:
A) the overall price
Q105: Which statement is TRUE about inflation and
Q106: The trade balance is the difference between
Q107: With inflation:
A) overall prices are increasing, although
Q108: Inflation:
A) raises the cost of making purchases.
B)
Q109: If a country sells more goods and
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