Multiple Choice
Suppose an economy had an inflation rate of 7 percent last year.This has decreased to 6 percent this year.This means that the economy is:
A) suffering from hyperinflation.
B) experiencing deflation.
C) experiencing disinflation.
D) experiencing a wage-price spiral.
E) experiencing a decrease in real wage.
Correct Answer:
Verified
Correct Answer:
Verified
Q123: Recently,banking has become easier with automated teller
Q124: Which of the following people would be
Q125: Full employment is considered a major economic
Q126: Suppose the nominal wages of workers in
Q127: In an economy,U = the number of
Q129: Inflation:<br>A)always reduces real income.<br>B)never reduces real income.<br>C)reduces
Q130: Which of the following people would be
Q131: A recent college graduate who is looking
Q132: If the aggregate demand curve shifts rightward,then
Q133: Demand-pull inflation is worse than cost-push inflation