A period of falling prices is called:
A) deflation.
B) inflation.
C) a depression.
D) a recession.
Correct Answer:
Verified
Q26: Macroeconomic models are used to explain how
Q27: Variables that a model tries to explain
Q28: In a simple model of the supply
Q29: In a simple model of the supply
Q30: Endogenous variables are:
A) fixed at the moment
Q32: A graph of the rate of inflation
Q33: In an economic model:
A) exogenous variables and
Q34: Exogenous variables are:
A) fixed at the moment
Q35: Variables that a model takes as given
Q36: Which of the following statements about economic
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