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    Essentials of Economics Study Set 4
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    Exam 10: The Business Cycle
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    A Decrease in the Average Level of Prices of Goods
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A Decrease in the Average Level of Prices of Goods

Question 133

Question 133

Multiple Choice

A decrease in the average level of prices of goods and services is known as:


A) Deflation.
B) The business cycle.
C) A recession.
D) Inflation.

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