Question
Deflation is a period where supply for most products is less than demand.
a. True
b. False
a. True
b. False
Answers
GPT-4o mini
b. False
Deflation is characterized by a decrease in the general price level of goods and services, often occurring when the supply of products exceeds demand.
Deflation is characterized by a decrease in the general price level of goods and services, often occurring when the supply of products exceeds demand.