A Continuous Decrease in the Level of Prices Over Time

question 92

Multiple Choice

A continuous decrease in the level of prices over time is called ________.

• A) deflation
• B) inflation
• C) disinflation
• D) deflection
• E) depression

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Definitions:

Traditional View

A perspective or doctrine that adheres to long-established beliefs or practices.

Existential Import

The assumption within some logical propositions that something exists to fulfill the conditions set out by the proposition.

Referents

Objects or events in the world that words or phrases identify or stand for in communication.

Subject Class

A category or group of subjects that share common characteristics or attributes.