A Decrease in the Average Level of Prices of Goods

question 49

Multiple Choice

A decrease in the average level of prices of goods and services is

• A)Deflation.
• B)Recession.
• C)Depression.
• D)Inflation

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Definitions:

Uncertainty

A situation in which the lack of surety about what is happening, what will happen, or what the potential outcomes are.

Alternative Solutions

Different options or approaches to solving a problem or addressing a situation.

Intuition

The ability to understand or know something immediately based on feelings rather than facts or evidence.

Creativity

The capacity to generate unique and worthwhile concepts.