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Complete the Following Using the Terms Listed Below

Question 63

Multiple Choice

Complete the following using the terms listed below:
-Price increases that reduce the amount of goods and services people can purchase with a given amount of money are the result of ______.


A) Consumer Price Index (CPI)
B) inflation
C) gross domestic product (GDP)
D) fiscal policy
E) monetary policy
F) equilibrium price
G) budget deficit
H) pure competition
I) supply
J) demand
K) productivity
L) recession
M) microeconomics
N) oligopoly
O) monopoly

Correct Answer:

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