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From course:

Economics A Level (DONEEEEEEE)

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Question:

What is 1. Deflation 2. Hyperinflation 3. Disinflation

Author: eric_galvao



Answer:

1. Deflation is when the Average Prices of Goods are Falling 2. When Prices shoot up Rapidly, and the Currency loses its Value [PP Plummets] 3. When the rate of Inflation is slowing down. Prices are still Rising, but just at a Slower Rate.


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