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

User Atrljoe
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ans is: a decrease in the general price level

User Victor Tong
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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.

User Foreever
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