Question

Describe the characteristics of Deflation

Answer 1

Explanation:

Deflation is that state of the economy where the value of the money is rising or the prices are falling.

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• Causes of Deflation:
• Rapid increase in the industrial and agricultural production.
• Decrease in wages and salary.
• Control of the credit by the central bank.
• Decrease in the money supply by the central bank.

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