Deflation occurs when:
A) the real GDP decreases.
B) the unemployment rate decreases.
C) prices fall.
D) prices increase but at a slower rate.
Correct Answer:
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Q2: A severe recession is called a(n):
A) depression.
B)
Q3: The study of the economy as a
Q7: Compared with its level in 1900, the
Q10: Real GDP _ over time and the
Q11: A typical trend during a recession is
Q13: Recessions are periods when the real GDP:
A)increases
Q14: Macroeconomics does not try to answer the
Q15: All of the following except _ are
Q19: Macroeconomics is the study of the:
A) activities
Q31: A period of falling prices is called:
A)
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