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:

Internal

Pertaining to or existing within an entity, such as an organization, individual, or system, often as opposed to external factors or influences.

External

Originating from or situated on the outside of an entity, not inherent or contained within it.

Stable

Characterized by consistency, reliability, and resistance to change or disorder.

Unstable

Characterized by a lack of stability, unpredictability, or being prone to sudden change.