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Which of the following is a basic principle of the paralleling technique?
Average Price Level
A measure of the overall level of prices in an economy, often considered in terms of a price index.
Good and Service
Products that satisfy human wants directly (goods) or indirectly (services).
Hyperinflation
An extremely high and typically accelerating rate of inflation, often exceeding 50% per month, leading to a rapid erosion of the real value of the local currency.
Recession
A significant decline in economic activity across the economy, lasting for months or years, typically visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.
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