Asked by
Karan Jattana
on Nov 22, 2024
Verified
The general price of goods and services is declining in Kimeril, a country in South America. Given this information, it can be said that Kimeril is experiencing _____.
A) privatization
B) deregulation
C) deflation
D) inflation
General Price
The typical or average cost of goods and services in a market, not specific to any brand or quality.
Goods And Services
The products and activities that satisfy human wants and needs, with goods being tangible objects and services being intangible actions or experiences.
Deflation
The general decline in prices in an economy.
- Evaluate the origins and effects of inflation and deflation.
Verified Answer
AD
Learning Objectives
- Evaluate the origins and effects of inflation and deflation.