If the inflation rate is negative,the price level in an economy is ________.
A)rising rapidly
B)rising slowly
C)falling
D)constant
E)none of the above

Name: If the inflation rate is negative,the price level in an economy is ________. A)rising rapidly B)rising slowly C)falling D)constant E)none of the above
Brand: Quizplus
Rating: 4.9 (26 reviews)

Question

Quizplus · Accepted Answer

Negative inflation, also known as deflation, means prices are falling in the economy. Therefore, the price level is decreasing or falling.

If the Inflation Rate Is Negative,the Price Level in an Economy