A sustained fall in the aggregate price level is called:
A) deflation.
B) inflation.
C) economic growth.
D) economic decline.

Question

Quizplus · Accepted Answer

A sustained fall in the aggregate price level is called deflation, which is the opposite of inflation. Economic growth and economic decline refer to the overall direction of an economy's output over time, while deflation and inflation describe the movement of prices.

A Sustained Fall in the Aggregate Price Level Is Called