Question

what is deflation?






Give me short answer​

Answer 1

Answer:

the definition of Deflation is “a decline in general price levels, often caused by a reduction in the supply of money or credit. Deflation can also be brought about by direct contractions in spending, either in the form of a reduction in government spending, personal spending or investment spending. Deflation has often had the side effect of increasing unemployment in an economy, since the process often leads to a lower level of demand in the economy. The opposite of inflation.”

Answer 2

Answer:

decrease in the General Prince of goods and services.

Explanation:

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