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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

What is deflation?

To determine

The definition of deflation.

Explanation

Decrease in the price level of services and goods can be considered as deflation. It can also be understood as fall in inflation rate below 0%...

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