Asked by Jason Harris on Apr 24, 2024

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Label the graph below with respect to inflation,disinflation,and deflation.

Inflation

The tempo at which the general price level of goods and services rises, leading to a fall in the ability to purchase.

Disinflation

A drop in the pace of inflation, showing that the rate at which prices of goods and services climb is slowing down.

Deflation

A decrease in the general price level of goods and services, often indicating a contraction in the economy.

  • Evaluate economic markers to determine phases of economic decline, expansion, price reduction, reduced inflation, or price escalation.
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Anastacia KuzminaMay 02, 2024
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