Economics · Macroeconomics

The average level of prices for all goods and services in an economy is called the:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Terms of Trade
2General Price Level✓
3Bank Rate
4Price Illusion

Correct answer

General Price Level

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The average level of prices for all goods and services in an economy is called the:

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The average level of prices for all goods and services in an economy is called the:

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