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22 May, 09:05

All prices rise evenly during periods of inflation and deflation. True or false

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  1. 22 May, 09:24
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    False

    Explanation:

    Inflation:

    Inflation is term used to describe general increase in prices of items and fall in the purchasing value of money.

    Deflation:

    Deflation is the term used to describe reduction of the general level of prices in an economy.

    Answer:

    So according to question asked all prices rise evenly during periods of inflation and deflation which is the false statement.
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