A Sustained Decrease in an Economy's Price Level Is Known

question 65

True/False

A sustained decrease in an economy's price level is known as deflation.

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Definitions:

True Value

The actual or accurate value which scientific measurements aim to approximate.

Accurate

The accuracy of a measurement, calculation, or specification in relation to the true value or an agreed-upon standard.

Mass

A measure of the amount of matter in an object, usually measured in grams or kilograms.

Density

The mass of a substance per unit volume, a measure of how much mass is contained in a given volume.