Multiple Choice
Which of the following terms describes a situation in which there is a reduction in the rate of inflation from 4% to 3% per year?
A) hyperinflation
B) inflation
C) deflation
D) disinflation
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q63: The costs of cyclical unemployment can be
Q95: Frictional unemployment is primarily related to changes
Q96: If nominal GDP is $12.5 trillion for
Q111: The nonaccelerating inflation rate of unemployment is
Q118: What is your new salary if you
Q154: The nominal value of wages explains how
Q165: In the 1960s, macroeconomists thought policymakers faced
Q171: Unemployment statistics in the United States are
Q190: Inflation has significant long-run effects on the
Q285: Most economists believe that the consumer price