only correct ans 9. Which of the following best describes debt deflation?...
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9. Which of the following best describes debt deflation? A) an increase in net worth, leading to a relative fall in general debt levels. B) a decline in net worth as price levels fall while debt burden remains unchanged. C) a decline in general debt levels due to deleveraging, D) a decline in bond prices as default rates rise. O a. A only O b. B only O c. B and C only O d. B, C and Donly O e None of the above 10. To prevent the mom
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