Which of the following situations generally exists when deflation occurs?
A) Inflation and unemployment are both increasing.
B) Inflation and unemployment are both decreasing.
C) The price level is decreasing.
D) The rate of inflation is falling from, for example, 10% to 3%.
E) The natural rate of unemployment is zero.
C
Economics
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A higher price reduces the quantity of a product demanded because
A. the purchasing power of individuals increases. B. individuals will buy more of the product and less of its substitutes. C. the financial assets of individuals increase. D. individuals will buy less of the product and more of its substitutes.
Economics
What is the relationship between wages and the supply of labor?
What will be an ideal response?
Economics