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Which of the following is correct according to social exchange theory?
Price Inflation
The pace at which the overall price level of goods and services increases, leading to a decline in purchasing power.
Price Deflation
A decrease in the general price level of goods and services over a period.
Time Series Data
Data collected and recorded at regular intervals over a period of time, often used for analyzing trends, cycles, and forecasts.
Real GDP
Gross Domestic Product adjusted for inflation, measuring the value of goods and services produced by a country's economy in real terms over a specific period.
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