Multiple Choice
If the cost of groceries goes up by 10 percent this year,the amount of groceries you can buy for $50 decreases by that same 10 percent.This is an example of
A) a decline in GDP.
B) a decrease in purchasing power.
C) a recession.
D) deflation.
E) a rise in GDP.
Correct Answer:
Verified
Correct Answer:
Verified
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