Multiple Choice
What is the difference between inflation and deflation?
A) Inflation is a sustained decrease in the price level whereas deflation is a sustained increase in the price level.
B) Inflation is a sustained increase in the price level whereas deflation is a sustained decrease in the price level.
C) Inflation is a measure of relative prices whereas deflation is a sustained increase in the price level.
D) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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