_____ is a decrease in the average level of prices,whereas _____ is a reduction in the inflation rate.
A) Deflation;disinflation
B) Disinflation;deflation
C) Stagflation;disinflation
D) Deflation;stagflation

Question

Quizplus · Accepted Answer

Deflation is a decrease in the average level of prices, whereas disinflation is a reduction in the inflation rate. Stagflation is a situation where inflation and stagnation occur simultaneously, which is not the same as deflation or disinflation.

_____ Is a Decrease in the Average Level of Prices,whereas