Choose the Statement That Is Incorrect

question 87

Multiple Choice

Choose the statement that is incorrect.

• A)The price level falls if aggregate supply increases at a persistently slower rate than aggregate demand.
• B)Deflation can end if the central bank ensures that the quantity of money grows at the target inflation rate plus the growth rate of potential GDP minus the growth rate of the velocity of circulation.
• C)A one- time fall in the price level is not deflation.
• D)An economy experiences deflation when it has a persistently falling price level.
• E)During a period of deflation, the inflation rate is negative.

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Definitions:

Risk Of Loss

A legal term describing the responsibility for the loss or damage of goods, typically shifting from seller to buyer at a predetermined point in the transaction process.

Remedies

Legal means through which a right is enforced or the violation of a right is prevented, redressed, or compensated.

Defect

A flaw or imperfection in a product or system that causes it to be unsafe, ineffective, or fails to meet specified criteria.

Consigned Goods

Items that are given to a third party (consignee) to sell, where the original owner (consignor) retains ownership until the goods are sold.