A decrease in the inflation rate from 10% to 3% implies that deflation has occurred.

Name: A decrease in the inflation rate from 10% to 3% implies that deflation has occurred.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A decrease in the inflation rate from 10% to 3% implies that there is still inflation, just at a lower rate. Deflation occurs when there is a sustained decrease in the general price level of goods and services over time.

A Decrease in the Inflation Rate from 10% to 3