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What is inflation? What is deflation?

Economics Dec 14, 2020

What is inflation? What is deflation?

Expert Solution

Inflation is a data the depicts the percentage increase in the general prices of goods and services. Inflation decreases the purchasing power of money.

Deflation is the complete opposite of inflation as it depicts the percentage decrease in the general prices of goods and services. Deflation increases the purchasing power of money.

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