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Question

(I) Deflation is a decrease in the general price level of goods and services. It occurs when the inflation rate falls below 0%.

(II) Disinflation is the same phenomenon as deflation.


A

True, False

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B

False, True

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C

False, False

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D

True, True

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Solution

The correct option is A

True, False


Disinflation is not the same phenomenon as deflation. Disinflation is a decrease in the rate of inflation – a slowdown in the rate of increase of the general price level of goods and services in a nation's gross domestic product over time.


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