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SOLVED: 1. An increase in the overall price level is known as A) deflation: B) recession C) inflation: D) stagflation. 2) Aggregate behavior is A) the behavior of each household and firm:
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Aggregate Price Levels. Inflation Defining inflation –Generally, we consider inflation to be a sustained rise in the average price level over a period. - ppt download
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1) A decrease in the overall level of investment in an economy, holding everything else constant, causes the price level (as evidenced by the CPI or GDP Deflator) to......in the short run
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