Comparing changes in relative prices is more useful than examining average prices in
A. Deflating nominal income.
B. Determining the redistribution of income.
C. Determining if there is deflation.
D. Determining the inflation rate.
Answer: B
Economics
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A decrease in savings deposits would ____ M1 and ____ M2. a. increase; increase
b. not change; increase. c. decrease; decrease. d. not change; decrease.
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A decrease in the price of a good will
a. increase supply. b. decrease supply. c. increase quantity supplied. d. decrease quantity supplied.
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