Which one of the following statements is an appropriate description of – McqOptions

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1.	Which one of the following statements 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 both the financial and real sectors of economy
C.	It is a persistent fall in the general price level of goods and sevices
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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