Deflation Is

question 144

Multiple Choice

Deflation is:

• A)a sustained fall in the aggregate price level.
• B)a sustained increase in the aggregate price level.
• C)a steady,unchanging aggregate price level.
• D)a sustained fall in the exchange rate.

Recognize and correct common accounting errors and their impact on financial statements.

Understand the role and structure of the chart of accounts.

Distinguish between transactions involving cash, credit, and account transfers.

Record transactions involving the provision of services for cash or on account.