When the rate of inflation is decreasing, this economic condition is called:
A. Disinflation
B. Depreciation
C. Stagflation
D. Deflation
A. Disinflation
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Refer to the figure above. The region ________ shows the producer surplus after the imposition of the tax
A) JBHF B) JBF C) JBC D) HAI
One requirement for a firm pursuing a price-discrimination strategy is the ability to segment the market for its product. This means that
A) the firm must choose a marketing strategy that appeals to different segments of the economy. B) the firm must be able to divide the market in a way that makes arbitrage impossible. C) the firm must be willing to offer price discounts for senior citizens and children. D) the firm must set different prices for different regions where the product is sold.
Refer to the following table which gives the demand and cost data for a price-setting firm:
A. $104 B. $107 C. $106 D. $105 E. $108
If the price of an input rises, producers are willing to produce
A. the same output at each given price. B. more output at each given price. C. less output at each given price. D. none of the statements associated with this question are correct.