In 2009, countries in the Arab world suffered from a decline in the economic growth rate due to the global recession caused by the financial crisis. What effect did this have on inflation on the Arab world?
A) Inflation was increased in the Arab world.
B) Inflation was unaffected in the Arab world.
C) Inflation was decreased in the Arab world.
D) None of the above.

Question

Quizplus · Accepted Answer

The global recession led to a decrease in demand for goods and services, which in turn reduced inflationary pressures in the Arab world, leading to decreased inflation.

In 2009, Countries in the Arab World Suffered from a Decline