A Reduction in the Rate of Inflation Is Called

question 51

Multiple Choice

A reduction in the rate of inflation is called:

• A) deflation.
• B) disinflation.
• C) stagflation.
• D) devaluation.

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Definitions:

Shortage

A condition where the demand for a product exceeds its supply in the market.

Ceiling Price

Ceiling price is a legally imposed maximum price on goods or services, above which transactions cannot legally occur, often implemented to prevent price gouging during shortages.

Maintenance

The upkeep and repair of machinery, equipment, and buildings to ensure their optimum working condition.

Shortage

A market condition occurring when the demand for a product or service exceeds the supply available at a specific price.