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: Given a normal situation, what effect will an…A persistent rise in the general level of prices implies?If goods P and Q are purchased by a consumer; a fall…A continuous fall in the general price level is called?The equilibrium price of mangoes is N1.00. If the…