During a Period of Deflation

question 95

Multiple Choice

During a period of deflation,

• A)The price level rises.
• B)People on fixed incomes are better off.
• C)People who hold cash are worse off.
• D)Lenders are worse off.

---

Definitions:

Poverty

A condition where individuals or groups lack the financial resources to meet basic needs such as food, shelter, and healthcare.

Zero-Child Family

A family unit where the parents have chosen not to have children.

Auto Mechanic

A professional who specializes in repairing and maintaining automobiles, including diagnosing mechanical issues and performing services and repairs.

Commission Salesperson

A salesperson who earns income based on the percentage of sales they generate, rather than receiving a fixed salary.