crmgallegos crmgallegos

30-06-2024
Social Studies

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 GinnyAnswer

30-06-2024

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.

Learn more about Economic Indicators here:

https://brainly.com/question/34544454

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