Deflation is defined as:
A)a period of declining output of goods and services
B)a period of time in which most prices fall
C)a period of time in which the value of money falls
D)a period of business pessimism

Question

Quizplus · Accepted Answer

Deflation is a period of time in which most prices fall, leading to a decrease in the general price level of goods and services. It is the opposite of inflation, which refers to a period of time in which most prices are rising.

Deflation Is Defined As