Deflation Is Best Described as When

question 50

Multiple Choice

Deflation is best described as when

• A) all prices in the economy fall.
• B) the prices of some goods rise and prices of some goods fall,but more goods have price increases than decreases.
• C) the prices of some goods rise and prices of some goods fall,but fewer goods have price increases than decreases.
• D) the overall level of prices of goods falls.
• E) the overall level of prices of goods rises.

---

Definitions:

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution, such as the mean, median, or mode.

Numerical Information

Data that is expressed or can be expressed in numbers, playing a critical role in analysis, measurement, and quantitative studies.

Statistics

The science of collecting, analyzing, interpreting, and presenting data.

Mathematics

The abstract science of number, quantity, and space, either as abstract concepts (pure mathematics) or as applied to other disciplines such as physics and engineering (applied mathematics).