When both prices and money income fall, the situation is called

Related MCQs

• Who stated, “Bad money drives good money out of circulation, when both of them are full legal tender”?
• “Inflation is a state in which the value of money is falling i.e., prices are rising”.Who said this?
• The phenomenal rise in prices accompanied by increased real income is known as
• Paper money is called fiat money because
• Value of money and supply of money are related
• According to the Quantity Theory of Money, the value of money depends upon
• Who stated, “Money is what money does”?
• If the quantity of money increases 100%, other things remaining constant, value of money changes by
• Fall in the interest rate is a typical feature of
• In short-run, unemployment may fall below the natural rate of unemployment if: