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    Principles of Economics Study Set 1
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    Exam 18: Measuring the Price Level and Inflation
  5. Question
    The Price of a Specific Good in Comparison to the Prices
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The Price of a Specific Good in Comparison to the Prices

Question 6

Question 6

Multiple Choice

The price of a specific good in comparison to the prices of other goods and services is called:


A) a relative price.
B) the price level.
C) a real price.
D) inflation.

Correct Answer:

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