How does the concept of "deflation" differ from "disinflation," and what are the potential consequences of each for an economy? A) Deflation is a temporary decrease in the inflation rate, while disinflation is a persistent decrease in prices, both have no significant consequences for an economy. B) Deflation is a sustained decrease in the general price level, potentially leading to reduced consumer spending and economic contraction, while disinflation is a slowing of the inflation rate without deflation's harmful effects. C) Deflation and disinflation are interchangeabl
Economics Question: How does the concept of "deflation" differ from "disinflation," and what are the potential consequences of each for an economy? A) Deflation is a temporary decrease in the inflation rate, while disinflation is a persistent decrease in prices, both have no significant consequences for an economy. B) Deflation is a sustained decrease in the general
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