BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Stagflation
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Disinflation
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Deflation
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Reflation
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Detailed explanation-1: -(I) Deflation is a decrease in the general price level of goods and services. It occurs when the inflation rate falls below 0%.
Detailed explanation-2: -When prices are falling continuously, the phenomenon is called deflation.
Detailed explanation-3: -Also known as deflation, negative inflation occurs when prices drop for various reasons.
Detailed explanation-4: -Inflation is the rate of increase in prices over a given period of time. Inflation is typically a broad measure, such as the overall increase in prices or the increase in the cost of living in a country.
Detailed explanation-5: -Deflation is when the prices of goods and services go down, which is called deflation. There is deflation when the inflation rate is less than 0 percent.