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What does the term "deflation" mean?
  • a)
    Decrease in the money supply
  • b)
    Increase in the general price level
  • c)
    Increase in the value of currency
  • d)
    Decrease in the general price level
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
What does the term "deflation" mean?a)Decrease in the money ...
Deflation refers to a sustained decrease in the general price level of goods and services, leading to an increase in the purchasing power of money.
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What does the term "deflation" mean?a)Decrease in the money supplyb)Increase in the general price levelc)Increase in the value of currencyd)Decrease in the general price levelCorrect answer is option 'D'. Can you explain this answer?
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