Which one of the following statements is an appropriate description of deflation? Options: A . &nbspIt is a persistent fall in the general price level of goods and services B . &nbspIt is a fall in the rate of inflation over a period of time C . &nbspIt is a sudden fall in the value of a currency against other currencies D . &nbspIt is persistent recession in both the financial and real sectors of economy

Which one of the following statements is an appropriate description of deflation

Question

Which one of the following statements is an appropriate description of deflation?

Options:

A . It is a persistent fall in the general price level of goods and services

B . It is a fall in the rate of inflation over a period of time

C . It is a sudden fall in the value of a currency against other currencies

D . It is persistent recession in both the financial and real sectors of economy

Answer: Option A
Answer: (a)

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