A Sustained Decrease in the Average of All Prices of Goods

question 178

Multiple Choice

A sustained decrease in the average of all prices of goods and services in the economy is known as

• A) inflation.
• B) disinflation.
• C) deflation.
• D) hyperinflation.

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Definitions:

Hot Saucepan

A cooking utensil that becomes heated when used on a stove, requiring caution to avoid burns.

Merchant Ship

A vessel that transports cargo or passengers for hire in commerce across marine waters.

Drowned

The state of dying from submersion in and inhalation of water or another liquid.

Anaphylactic Shock

A severe, potentially life-threatening allergic reaction causing widespread vasodilation, drop in blood pressure, and airway obstruction.