An overall decrease in the price level is called:
A) inflation.
B) deflation.
C) long-run growth.
D) the result of an increase in economic production.
Correct Answer:
Verified
Q158: One of the issues of importance to
Q159: When economists measure economic growth, they often
Q160: Recessions tend to be _, and expansions
Q161: When overall price levels rise over time,
Q162: If a country runs a trade deficit,
Q163: If an economy is open:
A)anyone can immigrate
Q165: A trade surplus occurs:
A)during economic contractions only.
B)when
Q166: If the value of a country's exports
Q167: When an economy's overall production grows faster
Q168: The relation between a country's level of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents