A reduction in the rate of inflation is called:
A) deflation.
B) disinflation.
C) hyperinflation.
D) cost-push inflation.

Question

Quizplus · Accepted Answer

A reduction in the rate of inflation is called disinflation. Deflation is a decrease in the general price level of goods and services. Hyperinflation is a rapid and out-of-control increase in the price level of goods and services. Cost-push inflation occurs when production costs increase, resulting in higher prices for consumers.

A Reduction in the Rate of Inflation Is Called