Deflation Refers to a Situation Where

question 24

Multiple Choice

Deflation refers to a situation where

• A) the price level falls; it could be caused by a shift of AD to the left.
• B) the price level falls; it could be caused by a decrease in aggregate supply.
• C) the rate of inflation falls; it could be caused by a shift of AS to the right.
• D) the rate of inflation rises; it could be caused by a decrease in aggregate demand.

---

Definitions:

Extraverted University Freshman

A first-year college student exhibiting outgoing, socially confident personality traits.

Dormitory

A residence hall or building primarily providing sleeping and residential quarters for large numbers of individuals, often in a college or university.

Healthy-looking Men

Males who appear to be in good physical condition based on visual assessments, often correlated with indicators of fitness and health.

Submissive

Showing a readiness to conform to the authority or will of others; often characterized by a lack of resistance or assertiveness.