The sustained decrease in the general price level is called as (a) deflation (b) stagflation (c) devaluation (d) recession

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Q: 18 (CDS-I/2023)
The sustained decrease in the general price level is called as
(a) deflation
(b) stagflation
(c) devaluation
(d) recession

question_subject: 

Economics

question_exam: 

CDS-I

Deflation is the decrease in the general price level of goods and services. It is the opposite of inflation, indicating a reduction in consumer spending and business investment.