Deflation occurs when Select one: O a. economic activity declines. O b. the unemployment rate declines. O C. the average price level declines. O d. the economic growth rate declines.

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter20: Economic Growth In The Global Economy
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Deflation occurs when
Select one:
O a. economic activity declines.
O b. the unemployment rate declines.
O C. the average price level declines.
O d. the economic growth rate declines.
Transcribed Image Text:Deflation occurs when Select one: O a. economic activity declines. O b. the unemployment rate declines. O C. the average price level declines. O d. the economic growth rate declines.
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