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Rashid [163]
3 years ago
6

Describe the characteristics of Deflation ​

Geography
1 answer:
murzikaleks [220]3 years ago
5 0
Deflation in economics is a fall in the general price level of goods and services. Deflation occurs when the rate of inflation falls below 0% (a negative rate of inflation). Deflation differs from disinflation, a slowdown in the rate of inflation, i.e. when inflation falls to a lower rate but is still positive.
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