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Correct Answer: C
Correct Answer: C
Method / Topic: Economy
The correct option matches the accepted factual reference for this topic.
Short Explanation
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Correct Answer: C
Method / Topic: Economy
<table cellspacing="0" style="border-collapse:collapse; height:20px; width:85px">
<tbody>
<tr>
<td style="background-color:#c0e6f5; border-bottom:1px solid #44b3e1; border-left:none; border-right:none; border-top:1px solid #44b3e1; height:20px; vertical-align:top; white-space:normal; width:85px"><span style="color:#000000">Deflation is a sustained decline in the general price level, often associated with weak demand and slower economic activity. Inflation is a general rise in prices, stagflation combines inflation with stagnation, and devaluation is an official reduction in a currency's external value. This is a stable examination fact. Link the
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Learn + Solve: Shortcut, Trap & Fast Route Click to view shortcut, steps, and common mistake
Shortcut used, common trap, and the fastest solving route
- Decide whether the question is static GK, current affairs, polity, history, geography, or science.
- Recall the exact fact or nearest anchor fact.
- Eliminate options that conflict with that fact.
What is the term for a general fall in the price level of goods and services?
Explanation
Correct Answer: C
Method / Topic: Economy
The correct option matches the accepted factual reference for this topic.
Short Explanation
Detailed Explanation
Correct Answer: C
Method / Topic: Economy
<table cellspacing="0" style="border-collapse:collapse; height:20px; width:85px">
<tbody>
<tr>
<td style="background-color:#c0e6f5; border-bottom:1px solid #44b3e1; border-left:none; border-right:none; border-top:1px solid #44b3e1; height:20px; vertical-align:top; white-space:normal; width:85px"><span style="color:#000000">Deflation is a sustained decline in the general price level, often associated with weak demand and slower economic activity. Inflation is a general rise in prices, stagflation combines inflation with stagnation, and devaluation is an official reduction in a currency's external value. This is a stable examination fact. Link the
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