Deflation Is a Decrease in The

question 139

Multiple Choice

Deflation is a decrease in the:

• A) exchange rate.
• B) average level of prices.
• C) inflation rate.
• D) velocity of money.

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Definitions:

Railroads

Transportation systems consisting of tracks on which trains travel to carry goods and passengers over long distances.

Nineteenth Century

The period from January 1, 1801, to December 31, 1900, marked by major social, economic, and technological changes worldwide.

Standard Oil

A major American company founded by John D. Rockefeller and associates, dominating the oil industry and later broken up due to antitrust laws.

Petroleum Industry

The sector involved in the exploration, extraction, refining, transportation, and marketing of petroleum products.