Which one of the following statements is an appropriate description of deflation ?
Options
(a)It is a sudden fall in the value of a currency against other currencies
(b)It is a persistent recession in both the financial and real sectors of economy
(c)It is a persistent fall in the general price level of goods and services
(d)It is a fall in the rate of inflation over a period of time
The full breakdown is part of the paid archive
This question's answer, explanation and links to every related question across 48 years (1979–2026) are inside the app. The two most recent years are free to read in full — no account needed.
Class 12Introduction— NCERT Economics, Chapter 1. Macroeconomics studies the economy as a whole: total output, the general price level, employment, the rate of interest and wages, and the links between sectors. Because…
Independent UPSC previous-year-questions study tool — not affiliated with or endorsed by the UPSC. Question text is reproduced from publicly released UPSC examination papers. UPSCviaPYQs · Privacy · Terms