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IB Economics > Macroeconomics objective Il: Low unemployment, low and stable rate inflation > Flashcards

Macroeconomics objective Il: Low unemployment, low and stable rate inflation Flashcards

1
Q

Inflation

A

Sustained increase in the general price level.

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2
Q

Deflation

A

Sustained decrease in the general price level.

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3
Q

disinflation

A

A decrease in the rate of inflation.

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IB Economics (16 decks)

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