Ask Question

Imagine this scenario: the inflation rate has fallen from 4 percent to 1 percent. How would you label this change in price level?

+5
Answers (1)
  1. 11 July, 03:57
    0
    If inflation rate fell to 4% and drops to 1%, there is a disinflation. It happens when the inflation rate slows down and makes a decrease of product prices using the gross domestic product as the basis. A deflation comes when it goes to 0%.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Imagine this scenario: the inflation rate has fallen from 4 percent to 1 percent. How would you label this change in price level? ...” in 📗 Social Studies if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers