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Select the Word or Phrase That Best Matches the Definition

question 12

Multiple Choice

Select the word or phrase that best matches the definition or example.
-Leader of China from 1976 to 1997 whose reforms essentially dismantled the communist elements of the Chinese economy.


Definitions:

Inflation

A continuous rise in the overall price level of goods and services within an economy over a period.

Unemployment

The condition in which a capable worker who is actively seeking employment is unable to find work.

Money Supply

The total amount of monetary assets available in an economy at a specific time, including cash, coins, and balances held in bank accounts.

Phillips Curve

An economic theory that suggests an inverse relationship between the level of unemployment and the rate of inflation.

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