With Regard to the Aggregate Price Level, Economists Generally Believe

question 155

Multiple Choice

With regard to the aggregate price level, economists generally believe:

• A)price stability is desirable.
• B)inflation is worse than deflation.
• C)deflation is worse than inflation.
• D)inflation benefits most retired people.

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Definitions:

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Blue-Violet

A color in the spectrum visible to the human eye, located between blue and violet wavelengths.

Hue

The dimension of color that is determined by the wavelength of light; what we know as the color names blue, green, and so forth.

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