Deflation

Multiple Choice

Deflation

A) automatically implies that,on average,everyone is better off because prices have fallen.
B) is the same as disinflation; it means the rate of inflation has fallen.
C) will make you better off if your nominal wages fall more slowly than prices.
D) will make you better off if your nominal wages fall more rapidly than prices.
E) will make you better off if your real wages fall more rapidly than prices.