Deflation refers to:
A) a decrease in prices.
B) a continuing decrease in the general price level.
C) a decrease in average prices.
D) all of the above.
Correct Answer:
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Q25: If the economy suffers from inflation and
Q26: The largest component of M1 is:
A) demand
Q27: The M1 money supply consists of:
A) currency,
Q28: Which of the following is not a
Q29: Inflation refers to:
A) an increase in prices.
B)
Q31: The consumer price index (CPI) is:
A) a
Q32: Inflation can be measured by using:
A) the
Q33: As a result of unanticipated inflation,
A) government
Q34: Demand deposits are:
A) time deposits that banks
Q35: The rate of inflation increases. The government
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