What is deflation? a. A lack of economic growth. c. A decrease in the general price level. b. A reduction in the supply of money

Question

4 years ago

12

. d. A decrease in a nation’s standard of living.

2 answers:

Vadim26 [7] · Answer 1 · 2021-12-16T23:43:10+03:00

8 0

ans is: a decrease in the general price level

aniked [119] · Answer 2 · 2021-12-16T22:38:12+03:00

7 0

Deflation is a term in economics and it describes an overall drop in price of goods. The correct answer is c. A decrease in the general price level.