Respuesta :
Answer:
Inflation refers to rise in price of goods and services.
Deflation refers to decrease in price of goods and services.
Explanation:
Inflation:
Inflation refers to rise in price of goods and services.
This occurs as a result of increase in demand of goods, due to which it's availability decreases and as a result price increases.
Deflation;
Deflation refers to decrease in price of goods and services.
This occurs as a result of decrease in demand of goods, due to number of goods available in the market increases and as a result price decreases.
Answer:
Inflation can result from rising demand and boosts the value of money. Deflation can result from falling demand and reduces the value of money.
Explanation:
edge 2022
