Deflation is
A. a constant rate of inflation.
B. a slow-down in the rate of inflation.
C. zero inflation.
D. a decline in the average price level.
D. a decline in the average price level.
Economics
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A) store of value B) standard of deferred payment C) unit of account D) medium of exchange
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Real GDP, as opposed to money (nominal) GDP, has been adjusted for changes in the general level of prices
a. True b. False Indicate whether the statement is true or false
Economics