When there is a general decrease in prices, that is called ___Select one:a. Hyperinflationb. Deflationc. Inflationd. Stagflation
Question
When there is a general decrease in prices, that is called ___Select one:a. Hyperinflationb. Deflationc. Inflationd. Stagflation
Solution
The correct answer is b. Deflation. When there is a general decrease in prices, it is referred to as deflation.
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