1. Inflation is an increase in price of goods while Deflation is that state in which the value of money rises and the price of goods and services falls. |
2. Deflation is an increase in price of goods while |
3. Inflation is that state in which the value of money rises and the price of goods and services falls. Inflation is that state in which the value of money rises and the price of goods and services falls while deflation is an increase in price of goods. |
A) 1 only
B) 2 only
C) 3 only
D) 1, 2, 3
Correct Answer: A
Solution :
Inflation is an increase in price of goods while Deflation is that state in which the value of money rises and the price of goods and services falls.You need to login to perform this action.
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