A Falling Price Level Is Called ________ and a Fall

question 128

Multiple Choice

A falling price level is called ________ and a fall in the rate of inflation is called ________.

• A)disinflation; a contraction
• B)a contraction; disinflation
• C)disinflation; deflation
• D)deflation; disinflation
• E)deflation; under inflation

---

Definitions:

National Labor Relations Board

An independent US federal agency tasked with enforcing labor laws in relation to collective bargaining and unfair labor practices.

Bargaining Structure

The framework within which collective bargaining negotiations occur, including the levels at which negotiations are conducted and the parties involved.

Associate Union Membership

Alternative form of union membership in which members receive discounts on insurance and credit cards rather than representation in collective bargaining.

Collective Bargaining

The process of negotiation between employers and a group of employees (often represented by a union) aimed at reaching agreements to regulate working conditions, wages, and benefits.