Deflation is a0 d a sustained fall in prices of goods and services a fall in prices of oil the same as GDP deflator the same as stagnation

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter22: Inflation
Section: Chapter Questions
Problem 17RQ: Over the last century, during what periods was the U.S. inflation late highest and lowest?
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Question 6
Deflation is
a sustained fall in prices of goods and services
a fall in prices of oil
the same as GDP deflator
the same as stagnation
Transcribed Image Text:Deflation is a sustained fall in prices of goods and services a fall in prices of oil the same as GDP deflator the same as stagnation
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