Answered

Which economic indicator describes the process of generally declining prices?

A. inflation
B. deflation
C. gross domestic product
D. recession
E. unemployment



Answer :

GinnyAnswer

Final answer:

Deflation is the economic indicator for declining prices.


Explanation:

Deflation is the economic indicator that describes the process of generally declining prices. In contrast, inflation refers to a rise in prices over time. When there is deflation, the nominal cost of goods and services decreases, leading to a lower price level.


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