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Question
A situation in which the value of money is rising, i.e., prices are falling is known as __________.
A situation in which the value of money is rising, i.e., prices are falling is known as __________.
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Solution
The correct option is C deflation
Deflation is an economic situation where the general price level in the economy falls for all the relevant goods that results in some change in the production of the real output of such goods owing to some market change.
Due to deflation the value of money increases as with the same amount now public are able to buy more goods.
Deflation is an economic situation where the general price level in the economy falls for all the relevant goods that results in some change in the production of the real output of such goods owing to some market change.
Due to deflation the value of money increases as with the same amount now public are able to buy more goods.
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