What Is the Difference Between Inflation and Deflation

question 2

Multiple Choice

What is the difference between inflation and deflation?

• A)Inflation is a sustained decrease in the price level whereas deflation is a sustained increase in the price level.
• B)Inflation is a sustained increase in the price level whereas deflation is a sustained decrease in the price level.
• C)Inflation is a measure of relative prices whereas deflation is a sustained increase in the price level.
• D)None of the above.

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Definitions:

Administrators

Individuals responsible for overseeing and managing the operations of organizations or systems, often within institutional, educational, or corporate contexts.

Ethnobiography

A combination of ethnography and biography, focusing on the detailed narrative study of a single person's life within their cultural and social context.

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