Deflation Is

question 104

Multiple Choice

Deflation is:

• A) a decrease in prices;that is,a negative inflation rate.
• B) a reduction in the rate of inflation.
• C) an increase in prices.
• D) an increase in the rate of inflation.

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Definitions:

Mutual Mistake

A misunderstanding shared by all parties to a contract, causing a fundamental misbelief about a vital fact of the agreement.

Duress

The use of force, pressure, or threats to compel someone to act against their will or better judgment in concluding a contract or performing an act.

Improper Threats

Coercive actions or statements intending to force someone into an agreement or decision against their will, often considered unlawful.

Mistake

An error or misunderstanding that can impact the validity of a contract or agreement.