What is deflation?
A) A fall in the price level.
B) A fall in the inflation rate.
C) A fall in the price index below 100.
D) A fall in the exchange rate.
Correct Answer:
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Q90: Why is inflation undesirable?
A)It redistributes income and
Q91: What is the output effect of inflation?
A)It
Q92: Assume that in 2016,prices increased by 2%
Q93: How can the percentage change in real
Q94: Which of the following is correct?
A)If nominal
Q96: How is the real interest rate determined?
A)By
Q97: What is real income?
A)It is nominal income
Q98: A lender may be hurt by inflation
Q99: What is the difference between nominal income
Q100: Using the "rule of 70",how can we
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