Answered: A falling price level is called as…

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A falling price level is called as a. disinflation. b. deflation. c. a contraction. d. an inverted inflation.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter18: Six Debates Over Macroeconomic Policy

Section18.4: Should The Central Bank Aim For Zero Inflation?

Problem 4QQ

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A falling price level is called as

disinflation.

deflation.

a contraction.

an inverted inflation.

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