Deflation describes the process of generally declining prices.
An economic indicator which declined during the war was unemployment.
Unemployment rate
yes!!Not really. A "free market" is generally a micro-economic term, and describes the conditions where consumers and suppliers form an economic exchange generally free of outside price controls. A "market economy" is a macro-economic term, and describes one of many different large-scale economic forms which use a free market micro-economy as its basis, but have a varying degree of regulation layered on top.
A business cycle
unemployment
An economic indicator which declined during the war was unemployment.
Unemployment rate
CPI (Consumer price index)
yes!!Not really. A "free market" is generally a micro-economic term, and describes the conditions where consumers and suppliers form an economic exchange generally free of outside price controls. A "market economy" is a macro-economic term, and describes one of many different large-scale economic forms which use a free market micro-economy as its basis, but have a varying degree of regulation layered on top.
A business cycle
unemployment
Steadily declining economic opportunities and competition from sheep.
Yes, it is an economic issue and it is a macro economic indicator.
deflation
no relation to the health of the economy
moves in the same direction as the economy
moves in the opposite direction as the economy