Deflation is:
A) a sustained fall in the aggregate price level.
B) a sustained increase in the aggregate price level.
C) a steady,unchanging aggregate price level.
D) a sustained fall in the exchange rate.
Correct Answer:
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Q114: If the nominal interest rate is the
Q117: If the value of your savings is
Q118: If the value of your savings is
Q119: The net result of deflation is to:
A)reduce
Q122: When an economy is producing at its
Q129: The reduction in aggregate demand caused by
Q134: When an economy experiences hyperinflation, it has:
A)
Q135: Disinflation is the term for a period
Q139: A period when overall inflation rates are
Q142: When an economy's actual output is greater
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