Question

A persistent fall in the general price level of goods and services is known as _________.​

Answer 1

Deflation

Inflation refers to rise in general price level of goods and services, deflation is fall in general price level of goods and services. Deflation is inflation in negative zone, i.e., a decrease in the general price level of goods and services.

Answer 2

A persistent fall in the general price level of goods and services is known as _________.

Ans... Inflation