Secular Deflation Occurs When

question 188

Multiple Choice

Secular deflation occurs when

• A) there is no economic growth and aggregate demand falls.
• B) aggregate demand increases at the same time there is no economic growth.
• C) aggregate demand remains unchanged while economic growth increases long-run aggregate supply.
• D) both aggregate demand and aggregate supply are shifting left.

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Definitions:

Flow-Banded Obsidian

A type of obsidian characterized by the alignment of mineral grains or layers along the flow direction of the lava.

Viscous Lava

Lava that has a high silica content resulting in a thick, slow-flowing consistency.

Mount St. Helens

Mount St. Helens is an active stratovolcano located in the Cascade Range of the Pacific Northwest, famous for its catastrophic eruption on May 18, 1980.

Magma

Liquid rock found under the Earth's surface that can harden and transform into igneous rocks.