An Overall Decrease in the Price Level Is Called

question 142

Multiple Choice

An overall decrease in the price level is called:

• A)inflation.
• B)deflation.
• C)long-run growth.
• D)the result of an increase in economic production.

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Definitions:

Quadrants

The four regions of a Cartesian plane divided by the x-axis and y-axis.

Rectangular Coordinate

A system of specifying points on a plane using two distances, typically known as the x and y coordinates, which define the position relative to two perpendicular axes.

Square

To multiply a number by itself, or a geometric figure with four equal sides and four right angles.

Y-axis

The vertical line in a coordinate plane that measures the second coordinate of a point (its ordinate).