When Prices Are Falling,economists Say That There Is

question 3

Multiple Choice

When prices are falling,economists say that there is

• A)disinflation.
• B)deflation.
• C)a contraction.
• D)an inverted inflation.

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Definitions:

King Cotton Diplomacy

The Confederate strategy during the American Civil War to withhold cotton exports to coerce Britain and France into recognizing the Confederacy.

First Geneva Convention

A treaty signed in 1864 aiming to ensure the care of the wounded in wartime on land, establishing humanitarian rules of war.

Clara Barton

Known as the founder of the American Red Cross, she was a pioneering nurse who provided care in the Civil War and was instrumental in improving the medical care system.

Endorse

To publicly or officially support a candidate, policy, or product.