Disinflation occurs when:
A. the price level is falling.
B. investment plans exceed saving.
C. a speculative investment "bubble" is bursting.
D. the inflation rate is declining.
D. the inflation rate is declining.
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Which of the following is not true?
a. In the 1950s, federal defense expenditures were larger than federal human resource expenditures.
b. In 1995, federal defense expenditures were less than five percent of GDP.
c. Federal expenditures on defense exceeded federal human resource expenditures until 1989.
d. Federal defense expenditures have been declining continuously since the 1950s.
Intense market competition is ________ for consumers, since it_______
a. Bad; erodes producer surplus b. Bad, increases variety in the market c. Good, increases the price level in the market d. Good; decreases the price level in the market