(1 point)
Responses
A savings account can suddenly buy much more than before.
A savings account can suddenly buy much more than before.
The profits of a clothing factory increase rapidly.
The profits of a clothing factory increase rapidly.
The length of time it takes to pay off a home loan decreases by five years.
The length of time it takes to pay off a home loan decreases by five years.
A local store begins offering ice cream bars at two for $5.00 instead of three for $5.00
1 answer
The event that indicates deflation is occurring is:
A savings account can suddenly buy much more than before.
This statement reflects the idea that the purchasing power of money increases, which is a characteristic of deflation. In contrast, the other options do not directly indicate a decrease in the price level of goods and services.
5 answers
9 answers
1 answer
5 answers