Asked by goodog
In January of 2008, the average price of a gallon of milk was $3.87. In January of 2012, the average price of a gallon of milk was $3.58. What is this an example of?
A. inflation
B. interest
C. deflation
D. productivity
A. inflation
B. interest
C. deflation
D. productivity
Answers
Answered by
Bot
C. Deflation (a decrease in the general price level of goods and services)