Question
(I) Deflation is a decrease in the general price level of goods and services. It occurs when the inflation rate falls below 0%.
(II) Disinflation is the same phenomenon as deflation.
Answer: Option A
:
A
Was this answer helpful ?
:
A
Disinflation is not the same phenomenon as deflation. Disinflation is a decrease in the rate of inflation – a slowdown in the rate of increase of the general price level of goods and services in a nation's gross domestic product over time.
Was this answer helpful ?
More Questions on This Topic :
Latest Videos
Latest Test Papers
Submit Solution