Correct Answer: Option C

Explanation

A small downturn in consumer spending damages the economy. As it drops off, economic growth slows. Prices drop, creating deflation. If slow consumer spending continues, the economy contracts.

Deflation is the opposite of inflation. It means reduction or a fall in the general level of prices in an economy.

• explain petty cash book for me? Answer this

  1 Answers   ·   Accounting   ·   21 hours ago
• what’s the cut of mark for political science in uniabuja? Answer this

  1 Answers   ·   Art   ·   11 hours ago
• How does the repetition of the phrase, "I rise," affect the tone and overall impact of the poem? Answer this

  1 Answers   ·   9 hours ago