Question of The Day17-04-2020

The decrease in inflation is known as ______.

Answer

Correct Answer : b ) Disinflation

Explanation :

The decrease in the level of inflation is known as disinflation.

Deflation is the decrease in the general level of prices.

Recession refers to the situation of the overall economic slowdown.

Stagflation is an economic situation when there is high inflation, along with high unemployment and stagnant demand in an economy.

Read more about Inflation and its Types.

Hence, (b) is the correct answer.

Questions related to Economy are asked in different exams like UPSC CSE, State PCS, SSC CGL, SSC CHSL, IBPS PO, IBPS CLERK, etc.

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