Question
When the prices of commodities, goods and services start declining consistently, the phenomenon is known as
Answer: Option C
Answer: (c)
When the prices of commodities, goods and services start declining consistently, the phenomenon is known as deflation.
Deflation is because of a fall in the aggregate level of demand. That is, there is a fall in how much the whole economy is willing to buy and the price for goods.
Negative Growth - It refers to a contraction in business sales or earnings. It is also used to refer to a contraction in a country’s economy as evidenced by a decrease in its GDP during any quarter of a given year.
Market Capitalism - An economic system that supports private enterprise within a free market, the means of production are privately owned.
Was this answer helpful ?
Answer: (c)
When the prices of commodities, goods and services start declining consistently, the phenomenon is known as deflation.
Deflation is because of a fall in the aggregate level of demand. That is, there is a fall in how much the whole economy is willing to buy and the price for goods.
Negative Growth - It refers to a contraction in business sales or earnings. It is also used to refer to a contraction in a country’s economy as evidenced by a decrease in its GDP during any quarter of a given year.
Market Capitalism - An economic system that supports private enterprise within a free market, the means of production are privately owned.
Was this answer helpful ?
More Questions on This Topic :
Question 1. Brent index is associated with
....
Question 3. Inflation is best described as ....
Question 8. Economic growth is usually coupled with
....
Submit Solution