Question
Which one among the following is an appropriate description of deflation?
Answer: Option B
Answer: (b)Deflation is defined as a fall in the general price level of goods and services. It is a negative rate of inflation. It means the value of money increases rather than decreases.
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Answer: (b)Deflation is defined as a fall in the general price level of goods and services. It is a negative rate of inflation. It means the value of money increases rather than decreases.
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