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    Exam 1: Personal Finance Basics and the Time Value of Money
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    During ________,Even Though Prices Decline,spending Slows Because Consumers Expect Prices
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During ________,Even Though Prices Decline,spending Slows Because Consumers Expect Prices

Question 111

Question 111

Multiple Choice

During ________,even though prices decline,spending slows because consumers expect prices to continue to decline.


A) deflation
B) depreciation
C) appreciation
D) economic recovery
E) inflation

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