Disinflation Refers to a Situation in Which Prices Continue to Rise,but

question 289

True/False

Disinflation refers to a situation in which prices continue to rise,but not at the rate they were rising previously.
Level of Learning 1: Knowledge of key terms

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Definitions:

Unlimited Wants

The economic concept that humans have endless desires or wishes for goods and services, exceeding the finite resources available.

Limited Means

A situation or condition of having restricted financial resources or capabilities.

Capital Equipment

Long-lasting tools, machinery, or infrastructure used in the production of goods and services.

Fertile Land

Soil or land that is rich in nutrients, making it highly productive for agriculture.