Question

Which one ofthe following satements is an appropriate description of deflation?
a. It is a sudden fall in the value of a currecncy against other currencies.
b. It is a persistent recession in both the financial and real sectors of economy.
c. It is a persistent fall in the general price level of goods and services.
d. It is a fall in the rate of inflation over a period of time.

Answer 1

hey mate........the answer is

(c) It is a persistent fall in the general price level of goods and services.

Answer 2

heya........

the answer is
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c.it is persistent fall in the general price level of goods and services.

hope it helps ^_^