Barb Dwyer notices that during economic downturns, such as recessions, the prices tend to decrease at least for the duration of these economic events. Barry Cade notices that the price of many items that he uses on a regular basis has steadily been increasing over the past ten years. Anne Teak notices that her government has taken to printing money in trillion dollar bills in order to make everyday transactions easier. Bill Board notices that his rent for this year has increased, but not as much as it had increased last year.
Barb Dwyer notices that during economic downturns, such as recessions, the prices tend to decrease at least for the duration of these economic events. Barry Cade notices that the price of many items that he uses on a regular basis has steadily been increasing over the past ten years. Anne Teak notices that her government has taken to printing money in trillion dollar bills in order to make everyday transactions easier. Bill Board notices that his rent for this year has increased, but not as much as it had increased last year.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Please match each scenario to the inflation term it best exemplifies.
I
| inflation | Deflation | Disinflation | Hyperinflation |
which one of the answers from the answer bank goes into the sections inflation, deflation, disinflation, or hyperinflation. (look at the image)
Transcribed Image Text:Barb Dwyer notices that during economic downturns, such as recessions, the prices tend to decrease at least for the duration of these economic events.
Barry Cade notices that the price of many items that he uses on a regular basis has steadily been increasing over the past ten years.
Anne Teak notices that her government has taken to printing money in trillion dollar bills in order to make everyday transactions easier.
Bill Board notices that his rent for this year has increased, but not as much as it had increased last year.
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