When prices are falling continuously, the phenomenon is called:
A)inflation
B)stagflation
C)deflation
D)reflation

Question

Quizplus · Accepted Answer

Deflation is the correct term for a situation where prices are falling continuously. It is the opposite of inflation, which refers to rising prices. Deflation can lead to decreased consumer spending as people anticipate lower prices in the future, potentially leading to economic slowdown.

When Prices Are Falling Continuously, the Phenomenon Is Called