Deflation Is A/an ____________ in the Average Level of Prices

question 87

Multiple Choice

Deflation is a/an ____________ in the average level of prices of goods and services.

• A)increase
• B)decrease
• C)stagnation
• D)increase followed by a decrease

---

Definitions:

Income

The financial gain accrued by an individual or entity within a specified period, often through wages, salaries, or investments.

APC

Usually refers to Average Propensity to Consume, which is the fraction of income spent on consumption rather than saved.

Income

Money received, especially on a regular basis, for work or through investments, constituting the financial resource available to individuals or entities for expenditure or investment.

Income

Earnings received through work, investments, or government benefits, among other sources.