Deflation means

(a)

Prices are rising

(b)

Prices are falling

(c)

Value of money is increasing

(d)

Prices are remaining the same

When prices are raised drastically(rapidly) we call it

(a)

Galloping inflation

(b)

Mild inflation

(c)

Hyper Inflation

(d)

Deflation

The general form of equation given by fisher is______

(a)

MV=PT

(b)

M = KPY

(c)

N= P/K

(d)

None of the above

During _______ the level of economicactivity becomes extremely high.

(a)

Boom

(b)

Recession

(c)

Depression

(d)

Recovery

_____ is a branch of economics that provides a framework for analyzing money.

(a)

Fiscal Economics

(b)

Micro Economics

(c)

Monetary Economics

(d)

International Economics