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A Devaluation Can Help Reduce A(n)

question 133

Multiple Choice

A devaluation can help reduce a(n) :
I. inflationary gap.
II. deflationary gap.


Definitions:

Price

The financial sum required for the procurement of a good, service, or capital.

Complements

Products or services that are often used together, such that the demand for one increases the demand for the other.

Price

The sum of currency anticipated, required, or given in transaction for something.

Demand

The desire and ability of consumers to purchase goods and services at various prices.

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