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    Economics Study Set 8
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    Exam 25: Measuring and Describing the Aggregate Economy
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    The Base Year Is the Year
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The Base Year Is the Year

Question 116

Question 116

Multiple Choice

The base year is the year:


A) in which prices are unstable.
B) in which prices are lowest.
C) in which prices are highest.
D) that serves as a reference point or benchmark.

Correct Answer:

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