A GDP deflator less than 1 indicates that an economy has experienced: A. inflation. B. deflation. C.
Question:
A GDP deflator less than 1 indicates that an economy has experienced:
A. inflation.
B. deflation.
C. stagflation.
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B deflation Understanding GDP Deflator The GDP deflator is a measure used to adjust the nominal GDP ...View the full answer
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Related Book For
Economics For Investment Decision Makers
ISBN: 9781118111963
1st Edition
Authors: Sandeep Singh, Christopher D Piros, Jerald E Pinto
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