A Sustained Decrease in the Average of All Prices of Goods

question 178

Multiple Choice

A sustained decrease in the average of all prices of goods and services in the economy is known as

• A) inflation.
• B) disinflation.
• C) deflation.
• D) hyperinflation.

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Definitions:

Rehearsed

Refers to the practice or repetition of information to aid in its retention and recall.

Acoustic Code

The transformation of visual experiences into an auditory message.

Transformational Representation

The cognitive process of representing complex information and structures differently in the mind to facilitate understanding or problem-solving.

Situational Awareness

The perception of the elements in the environment within a volume of time and space, the comprehension of their meaning, and the projection of their future status.