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Author Question: For deflation to occur, A) national income must decrease. B) real GDP must decrease. C) the ... (Read 64 times)

mia

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on: Jun 29, 2018
For deflation to occur,
 
  A) national income must decrease.
  B) real GDP must decrease.
  C) the price level must decrease.
  D) nominal GDP must decrease.

Question 2

An economy that experiences a fall in the price level over two consecutive quarters necessarily experiences
 
  A) a recession.
  B) inflation.
  C) deflation.
  D) disinflation.


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jgranad15

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


mia

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Reply #2 on: Jun 29, 2018
Correct answers!


jgranad15

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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