Economics · Inflation and Deflation
Deflation is defined as a persistent decrease in the general price level of goods and services, which is characterized by a:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rise in general prices
- 2Zero prices
- 3No change in general prices
- 4Fall in general prices✓
Correct answer
Fall in general prices
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