Deflation is a situation in which the:
A)quantity of goods and services produced is increasing over time.
B)quantity of goods and services produced is decreasing over time.
C)prices of most goods and services are falling over time.
D)prices of most goods and services are rising over time.

Question

Quizplus · Accepted Answer

Deflation occurs when the average price level falls, and this is usually a situation where most goods and services see falling prices.

Deflation Is a Situation in Which The