21 Which of the following statements regarding price level or inflation is correct A Supply and demand cannot explain why a

Question

21 Which of the following statements regarding price level or inflation is correct A Supply and demand cannot explain why a particular good or service becomes more expensive relative to other goods and services B Inflation affects only the more advanced countries whereas less advanced countries face deflation C Prices of most goods and services remained stable during the great depression D In general when the economy is in recession and jobs are hard to find inflation tends to fall

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