Sports GK Questions and Answers 2024 (Latest Updated)

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Question

Which one of the following statements is an appropriate description of deflation?

A It is a fall in the rate of inflation over a period of time
B It is a persistent fall in the general price level of goods and services
C It is a persistent recession in both the financial and real sectors of economy
D It is a sudden fall in the value of a currency against other currencies
Answer & Explanation
Option: [B]
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