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For deflation to occur, (Multiple Choice Question)

Sublight2097

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For deflation to occur, (Multiple Choice Question)

For deflation to occur,
A) national income must decrease.
B) real GDP must decrease.
C) the price level must decrease.
D) nominal GDP must decrease.

Textbook

The Economic Way of Thinking

The Economic Way of Thinking

Edition: 13^th

Authors: Heyne, Boettke, Prychitko

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Sydnie

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Sublight2097 Author

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8 years ago

My mind was going in all different directions trying to figure this one out. Thanks so much.

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