What is a decrease in the general level of the prices of goods and services

History

2 answers:

ddd [48]2 years ago

6 0

Answer:

A decrease in the general level of the prices of goods and services is called deflation.

Explanation:

Deflation is the opposite of inflation and involves a reduction in the money supply, which in turn causes the value of money to increase. This generally causes the general price level to fall.

There is consensus that deflation arising from a reduction in the money supply can be detrimental, while when it is caused by an increase in the amount of goods and services in the economy is seen as positive. Unforeseen deflation benefits those who save money as they become more worthwhile, relative to what they thought it would be if there was no deflation. Conversely, it hurts those who borrowed money. A sharp deflation can create unemployment if the price of work cannot go down, because a lower price level causes the relative price of work to rise. If wages do not fall, companies cannot afford the marginal worker, as their production does not outweigh the increase in wages.

crimeas [40]2 years ago

3 0

Answer:

Disinflation is a decrease in the rate of inflation – a slowdown in the rate of increase of the general price level of goods and services in a nation's gross domestic product over time.

Explanation:

You might be interested in

Who is allowed to vote in japans elections?

bezimeni [28]

Japanese citizens I guess I hope I helped

3 0

2 years ago

After the war with Mexico, the territorial status was defined as the following.

quester [9]

B? I am not sure
I think this is what it is

6 0

2 years ago

Why were the Chinese important in the construction of the Transcontinental Railroad?

ser-zykov [4K]

From 1863 and 1869, roughly 15,000 Chinese workers helped build the transcontinental railroad. Chinese workers made up most of the workforce between roughly 700 miles of train tracks between Sacramento, California, and Promontory, Utah.

8 0

2 years ago

What is a good organizing topic for the post–Civil War era?

Shtirlitz [24]

Southern reconstruction is a good organizing topic for the post–Civil War era.

Explanation:

During the civil war, there was a lot of destruction of the infrastructure and a huge loss of life ad property especially in the south. This destruction needed to be built again and the infrastructure needed to be built.

This led to the beginning of the southern reconstruction after the civil war. The aim of this was to develop the infrastructure of the southern part of the country to develop the economy. It lasted from 1865 to 1877.

3 0

3 years ago

8. Palm Sunday is observed by Christians to remember the

Masja [62]

Answer:

To remember the arrival of Jesus Christ in Jerusalem for the festivities of the Jewish Passover.

Explanation:

As the Gospels narrate, Jesus decides to go to Jerusalem with his disciples for the Jewish Passover. He knew what was going to happen. He would be apprehended by the pharisees and taken to the Romans to be punished. Lord Jesus knew his passion and death were approaching. He arrived in Jerusalem on a donkey, a scene that had been envisioned by prophet Isaiah and is found in the Old Testament.

8 0

3 years ago