A period during which overall inflation rates are positive but falling is:
A) disinflation.
B) deflation.
C) inflation.
D) zero price level.

Question

Quizplus · Accepted Answer

Disinflation is a period where inflation rates are positive but decreasing. It is different from deflation, which is a period where the overall price levels are decreasing. Inflation refers to a period where overall price levels are increasing, and zero price level refers to an economy with stable prices or no inflation or deflation.

A Period During Which Overall Inflation Rates Are Positive but Falling