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    Principles of Macroeconomics Study Set 7
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    Exam 12: Macroeconomic Policy Revisited
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    Deflation Is
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Deflation Is

Question 37

Question 37

Multiple Choice

Deflation is:


A) a fall in overall prices.
B) the same thing as a devaluation of the Hong Kong dollar.
C) the same thing as a depreciation of the Hong Kong dollar.
D) a change in the price structure.

Correct Answer:

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