Social Sector of Indian Economy – 7

7. Which one among the following is an appropriate description of deflation ?

(a) It is a sudden fall in the value of a currency against other currencies
(b) It is a persistent recession in the economy
(c) It is a persistent fall in the general price level of goods and services
(d) It is fall in the rate of inflation over a period of time

Answer : (c)

Explanation : No answer description available for this question. Let us discuss.

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