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True or False
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1
Most prices rise during inflation.
A)True
B)False
2
Inflation is caused by an increase in the average price level.
A)True
B)False
3
Most consumers would welcome deflation.
A)True
B)False
4
Since 1979, the inflation rate has been over 10% in the United States.
A)True
B)False
5
Everyone loses from inflation.
A)True
B)False





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