The situation in which there is persistent fall in the general price level is referred to as? by Sunday | May 26 | Economics WAEC | 0 comments A. devaluation B. depreciation C. deflation D. inflation Correct Answer: Option C C. deflation Users Also Read These:If goods P and Q are purchased by a consumer; a fall…A persistent rise in the general level of prices implies?How does producers expectation of a price fall…Which of the following best explain an inflationary…In the diagram above, the price P2 in price control…