ECONOMICS
INFLATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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____ is a decrease in the rate of inflation.
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Hyperinflation
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Disinflation
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Deflation
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Stagflation
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Explanation:
Detailed explanation-1: -Disinflation is a decrease in the rate of inflation – a slowdown in the rate of increase of the general price level of goods and services in a nation’s gross domestic product over time. It is the opposite of reflation.
Detailed explanation-2: -(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-3: -Key Takeaways. Inflation is an increase in the general prices of goods and services in an economy. Deflation, conversely, is the general decline in prices for goods and services, indicated by an inflation rate that falls below zero percent.
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