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When both prices and money income fall the situation is called

When both prices and money income fall, the situation is called

September 27, 2023August 13, 2023 by Bibisha Shiwakoti

When both prices and money income fall, the situation is called

When both prices and money income fall, the situation is called

1. Disinflation
2. Recession
3. Deflation
4. Anti-inflation

Correct Answer: Deflation

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