The Term Deflation

question 46

Multiple Choice

The term deflation

• A) describes what happens when the money supply increases more rapidly than output.
• B) is another name for simultaneously high rates of inflation and unemployment.
• C) is used to describe a situation in which prices fall and inflation turns negative.
• D) indicates a situation where an aggregate supply decrease takes place very rapidly.
• E) means double-digit rates of inflation.

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Definitions:

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