_____ Occurs When the Average of the Prices for Goods

question 28

Multiple Choice

_____ occurs when the average of the prices for goods and services either does not change or changes very little.

• A) Inflation
• B) Price stability
• C) Deflation
• D) Economic downturn

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Definitions:

Buying Intentions

The likelihood or predisposition of consumers to purchase a particular product or service in the near future.

Electronic Communication

The transmission of information using electronic systems or devices like computers, phones, and email, facilitating instant exchange of messages across distances.

Choiceboard

An interactive online system that allows consumers to customize products or services according to their preferences.

Digitally Enabled System

A system or process that utilizes digital technology to enhance functionality, efficiency, or reach.