Irving Fisher Argued That Deflation Is MOST Likely To

question 96

Multiple Choice

Irving Fisher argued that deflation is MOST likely to:

• A) expand the economy because the cost of goods has fallen.
• B) increase aggregate supply.
• C) increase aggregate demand.
• D) decrease aggregate demand.

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Definitions:

Bonds Payable

A liability account in financial accounting that represents amounts owed by a company to bondholders, to be repaid at a specified future date.