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27 June, 05:50

What is a decrease in the general level of the prices of goods and services? Question 8 options: Stagflation Creeping inflation Hyperinflation Deflation

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  1. 27 June, 05:51
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    Deflation is the good answer.

    Explanation:

    It is usually associated with a contraction of the supply and credit in an economy. The purchasing power of a currency rises over time in deflationary conditions. The nominal costs of capital, labor, goods and services fall, although their relative prices may remain unchanged.
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