Homework answers / question archive / What is deflation? a) An increase in the price level that reduces the GDP

What is deflation? a) An increase in the price level that reduces the GDP

Economics

Share With

What is deflation?

a) An increase in the price level that reduces the GDP.

b) A decrease in the price level.

c) A decrease in the rate of inflation.

d) A reduction in GDP caused by changes in the price level.