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    Exam 10: Real GDP and the Price Level in the Long Run
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    A Persistently Declining Price Level Resulting from Economic Growth and Unchanged
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A Persistently Declining Price Level Resulting from Economic Growth and Unchanged

Question 220

Question 220

Multiple Choice

A persistently declining price level resulting from economic growth and unchanged aggregate demand is called


A) demand-side deflation.
B) supply-side deflation.
C) ozian deflation.
D) secular deflation.

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