Deflation

question 77

Multiple Choice

Deflation:

• A)is a sustained fall in the aggregate price level.
• B)is negative inflation.
• C)is much less common than inflation.
• D)All of these statements are true.

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Definitions:

Resources

Assets, materials, and other items of value that can be used to produce goods and services or to achieve goals.

Small Business

An independent business with fewer employees and less annual revenue than a corporation or larger company, playing a significant role in most economies.

Stumbling Block

An obstacle or hindrance that prevents progress.

Entrepreneurs

Individuals who initiate, manage, and assume the risks of a business or enterprise.