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.
unemployment
A business cycle
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.
unemployment
A business cycle
GDP is considered a lagging indicator of economic performance because it reflects past economic activity rather than predicting future trends.
deflation
no relation to the health of the economy
Steadily declining economic opportunities and competition from sheep.
Yes, it is an economic issue and it is a macro economic indicator.
moves in the same direction as the economy