The situation in which there is persistent fall in the general price level is referred to as? By: Sunday|Published on: May 26|Categories: Economics WAEC| 0 comments A. devaluation B. depreciation C. deflation D. inflation Correct Answer: Option C C. deflation Users Also Read These:When the general price level persistently falls, the…In the diagram above, the price P2 in price control…A situation where only 35% of 80 million registered…Persistent fail In the general price level Is known as?A persistent and appreciable rise in the general…SEE ALSO One advantage of the Sole Proprietorship over other forms of business organization is that it can?