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Which of the following is an example of deflation? Someone owes more on a house than it is worth. People revert back to a barter
Which of the following is an example of deflation?
- Someone owes more on a house than it is worth.
- People revert back to a barter economy.
- Economic instability destroys the value of the currency.
- Prices are increasing, so the purchasing power of the currency is falling.
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Principles of Economics
Authors: Gregory Mankiw
7th edition
128516587X, 978-1285165875
