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What do ‘inflation’ and ‘deflation’ refer to?

+2 votes

asked Mar 28, 2018 in Class 12 by kratos

What do ‘inflation’ and ‘deflation’ refer to?

cbse
class-8
savings and investments
csat
money
introduction to statistical methods and econometrics
planning and economic development
fiscal system of india
class-12

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1 Answer

+6 votes

answered May 3, 2020 by kratos

Best answer

‘Inflation’ refers to increase in prices and ‘deflation’ refers to decrease in prices.

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