Which of the following statements about the recessions that have occurred over the past 50 years is true?
A) During a recession, the price level increases, and the rate of inflation declines.
B) The price level usually declines during a recession.
C) The rate of inflation usually increases during a recession.
D) The rate of inflation usually stays constant during a recession.
E) During a recession, both the price level and the rate of inflation decline.
Correct Answer:
Verified
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