If the rate of inflation decreases from 5% to 3%, the economy is undergoing:
A) deflation.
B) hyperinflation.
C) disinflation.
D) stagflation.

Name: If the rate of inflation decreases from 5% to 3%, the economy is undergoing: A) deflation. B) hyperinflation. C) disinflation. D) stagflation.
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Question

Quizplus · Accepted Answer

Disinflation refers to a decrease in the rate of inflation, meaning prices are still rising but at a slower pace.

If the Rate of Inflation Decreases from 5% to 3