Nature & Scope of Macroeconomics
Quick practice
Question 1 of 5
In the given question, two statements are labelled as statement I and statement II. Which among the following options is correct in the context of the two statements?
Statement I: Decrease or fall in the prices of goods and services in the country is known as deflation.
Statement II: Increase in the rate of inflation within a regular period of time is known as disinflation.
A
Statement I is correct, but statement II is incorrect
B
Both statements are correct
C
Statement II is correct, but statement I is incorrect
D
Both statements are incorrect
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