Which of the Following Is True of De?ation

Multiple Choice

Which of the following is true of de?ation?

A) De?ation is likely to bene?t the economy because prices have fallen, making goods more affordable.
B) De?ation raises the real value of debt, making previously incurred debts less affordable.
C) De?ation refers to a sustained increase in the general price level.
D) A long period of de?ation is consistent with a high level of employment in the economy.