When the Increase in Prices Goes from 5% to 2

question 245

Multiple Choice

When the increase in prices goes from 5% to 2%, this is referred to as:

• A) deflation.
• B) disinflation.
• C) inflation.
• D) hyperinflation.

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Definitions:

Positive Subjective Experiences

Personal experiences that evoke good feelings, satisfaction, or pleasure.

Sensual Pleasures

Enjoyments derived from gratifying sensory experiences, often related to touch, taste, smell, sound, and sight.

Present

The current moment or period of time, distinct from the past and future.

Happiness

A state of well-being and contentment characterized by positive emotions and life satisfaction.