- Illinois State University
- Economics And International Business
- Economics And International Business 105
- CHAPTER 24
Last Modified: 2011-07-09
-THE INCREASE IN THE OVERALL ABILITY OF THE ECONOMY TO PRODUCE GOODS AND SERVICES
-DISINFLATION- A FALL IN THE INFLATION RATE
-DEFLATION- A FALL IN PRICE LEVELS
- PRICE STABILITY- A MAJOR GOAL OF THE ECONOMY
-NOMINAL- MEANS MEASURES DID NOT ACCOUNT FOR INFLATION
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