In the context of macroeconomics, what does the term 'deflation' mean?

Question

Economics · Inflation and Deflation

Verified Solution4 OptionsUpdated: October 2026👁️1 View

Share:

Correct answer

Decrease in the general level of prices

Save this question and verified answer as a clean study sheet with live clickable link.

👥

Challenge your peer aspirants on WhatsApp or Telegram to solve this question!

Online Test Series

Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.

Chapter Practice

Want more practice questions on Inflation and Deflation?

Solve complete topic-wise tests with detailed solutions on GkGet.

Recommended practice questions in Economics · Inflation and Deflation

Which of the following territories was annexed by Lord Dalhousie under the pretext of misgovernance, and not directly through the Doctrine of Lapse?

What was the primary stated reason for the Partition of Bengal in 1905 by Lord Curzon?

Answer 1

Increase in the general level of prices

Answer 2

Decrease in money supply

Answer 3

Decrease in the general level of prices

Answer 4

Increase in unemployment rate

Related Practice Questions