A persistent fall in the general price level of goods and services is called?
a. Deflation
b. Inflation
c. Stagflation
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A persistent fall in the general price level of goods and services is called Deflation
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Answer : Option "A" - Deflation
Extra Information -
"Deflation" mean a persistent fall in the general price level of goods and services whereas inflation mean increase in the general price level of goods and services.
According to Economics, Deflation mean decrease or reduction in the general price level of goods and services. It occurs when inflation falls below 0%.
When deflation occurs one can buy more goods and services . Deflation increases the value of currency overtime but inflation reduces it.
Extra Information -
"Deflation" mean a persistent fall in the general price level of goods and services whereas inflation mean increase in the general price level of goods and services.
According to Economics, Deflation mean decrease or reduction in the general price level of goods and services. It occurs when inflation falls below 0%.
When deflation occurs one can buy more goods and services . Deflation increases the value of currency overtime but inflation reduces it.
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