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14 February, 09:42

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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  1. 14 February, 09:54
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    ans is: a decrease in the general price level
  2. 14 February, 09:56
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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.
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