A sustained reduction in the general level of prices is called:

Related MCQs

• A downturn in the business cycle in which there is a sustained high level of unemployment is called
• The system of agricultural support by which market prices are fixed at above free market levels and government buys surpluses, thus supporting prices and raising farmer’s income is called:
• The persistent increases in the general level of prices is known as:
• The reduction in value of an asset as reduction in the value of currency is known as:
• A very high rise in National Income at current market prices and a low rise at constant prices reveals -
• A commodity for which demand increases at higher prices and falls at lower prices is termed as:
• The hypothesis that rapid growth of per capita income will be associated with a reduction in poverty is called -
• The first director general of General Agreement on Tariffs and Trade from 1948-68 was
• The share broker who sells shares in the apprehension of falling prices of shares is called
• An association of producers to regulate prices by restricting output and competition is called