The Japanese economy has been consistently weak throughout the 1990s. This has caused a slight deflation, illustrating the
a. negligible cost of eliminating inflation.
b. very slow operation of the economy's self-correcting mechanism.
c. tendency of inflation to accelerate during recessions.
d. rapidity with which inflation can be stopped.
b
Economics
You might also like to view...
Among the state nonmember banks, __________ have federal deposit insurance through the FDIC
A) all B) virtually all C) a minority D) none of them
Economics
If the price index is 100 this year, then:
a. there has been no inflation during the year b. the price level is thrice as it was in the base year. c. the price level is one hundred times what it was in the base year. d. the price level is double what it was in the base year. e. the inflation rate has been 100 percent since the base year.
Economics