Deflation refers to
A) a period of falling prices.
B) the occurrence of price increases throughout the economic system.
C) the condition in an economic system in which the amount of money available is greater than the amount of goods produced.
D) the measure of prices in urban areas.
E) the amount of government spending greater than the taxes collected in one year.

Question

Quizplus · Accepted Answer

Deflation refers to a period of falling prices, which is opposite of inflation, where prices are rising.

Deflation Refers to