A Sustained Decrease in an Economy's Price Level Is Known

question 65

True/False

A sustained decrease in an economy's price level is known as deflation.

---

Definitions:

Premises

Buildings and land owned or occupied by a person or organization; also, basic statements or propositions that serve as the foundation for further reasoning or argument.

Current Year

Refers to the ongoing calendar or fiscal year, during which financial statements are being recorded and reported.

Barriers

Obstacles that prevent progress or make it difficult to achieve a desired outcome or goal.

Oriented Manager

A manager focused or aligned with specific goals, outcomes, or directions in their decision-making and leadership approach.