2
Question
A persistent fall in the general price level of goods and services is known as?
A persistent fall in the general price level of goods and services is known as?
Open in App
Solution
The correct option is A Deflation
Inflation refers to a rise in the general price level of goods and services, deflation is the fall in the general price level of goods and services. Deflation is inflation in negative zone, i.e., a decrease in the general price level of goods and services.
Inflation refers to a rise in the general price level of goods and services, deflation is the fall in the general price level of goods and services. Deflation is inflation in negative zone, i.e., a decrease in the general price level of goods and services.
Suggest Corrections
6
Similar questions
View More
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
