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3 years ago

What is the difference between inflation and deflation?

Business

2 answers:

Lorico [155]3 years ago

6 0

I don't know maybe c

aliina [53]3 years ago

3 0

Answer:

a. inflation is a rise in the general price level over time while deflation is a fall in the general price level over time.

Explanation:

Inflation occurs when the prices of goods and services rises over time. For example, a bag of cookies today is, for example, $1. If in a year it is $1.20, there was an inflation.

Deflation occurs when the prices of goods and services decreases over time. For example, a bag of cookies today is, for example, $1. If in a year it is $0.80, there was a deflation.

So, the correct answer is:

a. inflation is a rise in the general price level over time while deflation is a fall in the general price level over time.

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3 years ago

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nadezda [96]

Answer:

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Explanation:

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Therefore the second option is correct

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3 years ago

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insens350 [35]

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brainly.com/question/19850768

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2 years ago

If you have a credit card with 15.99% APR that compounds monthly, what is the effective interest

RideAnS [48]

Answer: 17.22%

Explanation:

Effective interest rate is calculated by the formula:

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= 17.22%

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3 years ago

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Answer:

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Explanation:

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3 years ago