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Saint Paul School of Business and Law - ZDSFFSDF 21212 Economic Concepts Quiz 2.
- Exam (elaborations) • 14 pages • 2021
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Economic Concepts
1.) It is generally used to mean any sustained or continuing increase in prices.
a. inflation rate c. inflation
b. hyper-inflation d. deflation
Answer: c
Source: (Cristobal M, Pagoso, et al, Philippine Economics (Macro Approach), 2003 Edition)
2.) A reduction of the amount of available money in circulation so that the value of money increases and prices
go down.
a. inflation rate c. inflation
b. hyper-inflation d. deflation
Answer: d
Source: (Edited by: Clarence L. B...
Exam (elaborations)
Saint Paul School of Business and Law - ZDSFFSDF 21212 Economic Concepts Quiz 2.
Last document update:
ago
Economic Concepts 1.) It is generally used to mean any sustained or continuing increase in prices. a. inflation rate c. inflation b. hyper-inflation d. deflation Answer: c Source: (Cristobal M, Pagoso, et al, Philippine Economics (Macro Approach), 2003 Edition) 2.) A reduction of the amount of available money in circulation so that the value of money increases and prices go down. a. inflation rate c. inflation b. hyper-inflation d. deflation Answer: d Source: (Edited by: Clarence L. B...
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