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With reference to the Deflation, which of the following statements is/are correct?1. Deflation is a general decline in prices for goods and services during which the purchasingpower of currency rises over time.2. Deflation benefits consumers and can harm borrowers.Select the correct answer using the code given below:a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the Deflation, which of the following statements is/are correct?1. Deflation is a general decline in prices for goods and services during which the purchasingpower of currency rises over time.2. Deflation benefits consumers and can harm borrowers.Select the correct answer using the code given below:a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Deflation, which of the following statements is/are correct?1. Deflation is a general decline in prices for goods and services during which the purchasingpower of currency rises over time.2. Deflation benefits consumers and can harm borrowers.Select the correct answer using the code given below:a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.

Solutions for With reference to the Deflation, which of the following statements is/are correct?1. Deflation is a general decline in prices for goods and services during which the purchasingpower of currency rises over time.2. Deflation benefits consumers and can harm borrowers.Select the correct answer using the code given below:a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

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