A Sustained Fall in the Aggregate Price Level Is Called

question 109

Multiple Choice

A sustained fall in the aggregate price level is called:

• A) deflation.
• B) inflation.
• C) fiat money.
• D) economic decline.

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Definitions:

Smallpox

A contagious, disfiguring, and often deadly disease caused by the variola virus, eradicated in 1980.

Tuberculosis

A contagious bacterial infection primarily affecting the lungs, caused by Mycobacterium tuberculosis, and characterized by symptoms such as persistent cough, fever, and weight loss.

Measles

A highly contagious viral disease characterized by fever, cough, and a distinctive rash, primarily affecting children and preventable by vaccination.

Influenza

A highly contagious viral infection of the respiratory passages causing fever, severe aching, and often occurring in epidemics.