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Question
What is deflation?
What is deflation?
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Solution
Deflation is referred to as the decrease in the price of goods and services. In such a situation the purchasing power of the population increases.
Also read:
- Difference Between Monetary Policy and Fiscal Policy
- Difference Between Contractionary and Expansionary Fiscal Policy
Learn about more questions and answers on business studies and various other commerce topics from our website.
Deflation is referred to as the decrease in the price of goods and services. In such a situation the purchasing power of the population increases.
Also read:
- Difference Between Monetary Policy and Fiscal Policy
- Difference Between Contractionary and Expansionary Fiscal Policy
Learn about more questions and answers on business studies and various other commerce topics from our website.
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