Explaining Price Deflation - Causes, Effects and Policies
- AS, A-Level
- AQA, Edexcel, OCR, IB
Last updated 3 Jul 2018
What is price deflation?
Price deflation happens when the rate of inflation becomes negative. I.e. the general price level is falling and the purchasing power of say £1,000 in cash is increasing
Test your Knowledge MCQ on Policies to Avoid Deflation - revision video