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    Principles of Macroeconomics Study Set 12
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    Exam 7: Unemployment, Inflation, and Long-Run Growth
  5. Question
    Deflation Is an Decrease in
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Deflation Is an Decrease in

Question 125

Question 125

Multiple Choice

Deflation is an decrease in


A) the price of one item.
B) the overall price level.
C) the average income level.
D) real gross national product.

Correct Answer:

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