Which one of the following statements is an appropriate description of deflation?
0%(a) It is a sudden fall in the value of a currency against other currencies ( 0 voters )
0%(b) It is a fall in the rate of inflation over a period of time ( 0 voters )
0%(c) It is a persistent recession in both the financial and real sectors of economy ( 0 voters )
100%(d) It is a persistent fall in the general price level of goods and services ( 1 voter )
Based On 1 Vote