Multiple Choice
As of 2009,the average household earned $49,777.In 1979,the average household earned $16,461.Although it appears as though incomes have tripled,other prices have risen too.This illustrates a concept known as
A) deflation.
B) disinflation.
C) money illusion.
D) COLA.
Correct Answer:
Verified
Correct Answer:
Verified
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