A Persistently Declining Price Level Resulting from Economic Growth and Unchanged

question 220

Multiple Choice

A persistently declining price level resulting from economic growth and unchanged aggregate demand is called

• A) demand-side deflation.
• B) supply-side deflation.
• C) ozian deflation.
• D) secular deflation.

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Definitions:

T-Bills

Treasury Bills are short-term U.S. government debt obligations backed by the Treasury Department with a maturity of one year or less.

Marketable Money

Money or financial instruments that can be easily converted to cash without significant loss in value.

Market Security

A financial instrument such as stocks, bonds, or any tradable financial asset that is bought and sold in a financial market.

T-Bill

Short-term debt obligations issued by the U.S. Treasury with maturities of one year or less, serving as a low-risk investment.