Good(Benign)deflation

Cards (12)

  • In benign deflation SRAS shifts to the right due to a decrease in cost of production
  • Which direction does sras shift to in benign deflation?
    right
  • Why does sras shift to the right in benign deflation?
    decrease in cost of production
  • In what type of deflation does sras shift to the right?
    benign
  • Benign deflation is short term and unanticipated
  • Benign deflation is short term and?
    unanticipated
  • Benign deflation is unanticipated and?
    short term
  • Benign deflation means the prices will fall for consumers so there purchasing power will increase
  • Benign deflation means the prices will fall for consumers so there purchasing power will...?
    increase
  • Benign deflation means that there will be falling cost of production for firms
  • Benign deflation comes with higher growth
  • What growth does benign deflation come with?
    higher