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26-04-2024
Business

Answered

Classify each statement as either true or false :

- Deflation means that the overall price level is increasing at a decreasing rate.

- While theoretically possible, deflation has never been observed in the United States.

- A negative rate of inflation implies that deflation has taken place.

- Deflation means that the overall price level is decreasing.

- When the GDP deflator is less than 100, we know that deflation must have taken place this year.

Answer :

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