Which one among the following is an appropriate description of 'deflat – McqOptions

MCQOPTIONS

1.	Which one among the following is an appropriate description of 'deflation'
A.	It is a sudden fall in the value of a currency against other currencies
B.	It is a persistent recession in the economy
C.	It is a persistent fall in the general price level of goods and services
D.	It is a fall in the rate of inflation over a period of time
Answer» D. It is a fall in the rate of inflation over a period of time

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