Examlex
Insert to in the space provided to form a true statement.
--44 ________-39
Base Year
A specific year chosen as a point of reference for comparing economic data, such as price levels, over time.
Inflation
The tempo at which the general price level of goods and services rises, leading to a fall in the ability to purchase.
Disinflation
A drop in the pace of inflation, showing that the rate at which prices of goods and services climb is slowing down.
Deflation
A decrease in the general price level of goods and services, often indicating a contraction in the economy.
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