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Deflation Means Prices Are Declining

question 115

True/False

Deflation means prices are declining.
Level of Learning 1: Knowledge of key terms


Definitions:

Raise

To increase to a higher position or level; in mathematics, it often refers to exponentiation.

Sum

A mathematical process of adding numbers together to get their total amount.

Infinite Series

A series that continues indefinitely, represented by an infinite sum of terms.

Depreciates

The process of an asset losing value over time due to use, wear and tear, or obsolescence.

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