Question

What is inflation deflation and recession?

Answer 1

Answer:

Deflation occurs when the inflation rate falls below 0%. Inflation reduces the value of currency over time, but sudden deflation increases it. In economics, a recession is a business cycle contraction when there is a general decline in economic activity.

Answer 2

Explanation:

Deflation occurs when the inflation rate falls below 0%. Inflation reduces the value of currency over time, but sudden deflation increases it. In economics, a recession is a business cycle contraction when there is a general decline in economic activity

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