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When the Price Level Falls, Indebted Persons Will Be __________

question 7

Multiple Choice

When the price level falls, indebted persons will be __________  off because the real value of their debt will have __________.


Definitions:

Expression

A combination of symbols and numbers that represent a mathematical operation or relation.

Difference

The result of subtracting one number from another, or the operation of subtraction itself.

Polynomials

Algebraic expressions that consist of variables and coefficients, combined using only addition, subtraction, multiplication, and non-negative integer exponents.

X

A commonly used variable or symbol to represent an unknown value in mathematics and algebra.

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