Question

what is deflation? discuss briefly​

Answer 1

Answer:

In economics, deflation is a decrease in the general price level of goods and services. Deflation occurs when the inflation rate falls below 0% (a negative inflation rate). ... Deflation is distinct from disinflation, a slow-down in the inflation rate, i.e. when inflation declines to a lower rate but is still positive.

Explanation:

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Answer 2

Deflation is a decrease in the general price level of goods and services....

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