Deflation occurs when there is a
A) sustained increase in the price level.
B) one-time increase in the price level.
C) sustained decline in the price level.
D) one-time decrease in the price level.
Correct Answer:
Verified
Q96: 'Deflation' occurs when the price level becomes
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A)the price level and
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A)very high levels
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Q195: Demand-pull inflation is characterised by
A) high levels
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