The government of Velovia made progress in its efforts to bring rapid inflation under control. Although prices are still rising, the rate of increase has slowed considerably. This suggests that Velovia is experiencing disinflation.

Question

Quizplus · Accepted Answer

Disinflation refers to a decrease in the rate of inflation, which is consistent with the scenario described in the statement.

The Government of Velovia Made Progress in Its Efforts to Bring