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    Principles of Macroeconomics Study Set 12
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    Exam 7: Unemployment, Inflation, and Long-Run Growth
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    A Depression Is
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A Depression Is

Question 204

Question 204

Multiple Choice

A depression is


A) deflation with economic growth.
B) a general increase in the price level.
C) a prolonged and deep recession.
D) most common in an expansionary economy.

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