Deflation

question 72

Multiple Choice

Deflation

• A) automatically implies that,on average,everyone is better off because prices have fallen.
• B) would negatively affect producers but positively affect consumers because producers must accept lower prices.
• C) might easily make both producers and consumers better off because consumers might lose jobs due to falling prices and profit margins,and the falling profit margins would negatively impact producers.
• D) might make you better off if your nominal wages fall more rapidly than prices.
• E) automatically occurs when there are more goods with falling prices than there are goods with increasing prices.

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Definitions:

Promoter Sequence

A specific region of DNA upstream of a gene that binds RNA polymerase and initiates transcription of the gene.

Transcription

The process of copying a segment of DNA into RNA by the enzyme RNA polymerase.

DNA Polymerase

A catalyst that constructs DNA strands from deoxyribonucleotides, which are the foundational elements of DNA.

Translocation

The movement of organic materials (dissolved food) in the phloem of a plant. Chromosome abnormality in which part of one chromosome has become attached to another. Part of the elongation cycle of protein synthesis in which a transfer RNA attached to the growing polypeptide chain is transferred from the A site to the P site.