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…A situation where only 35% of 80 million registered…Who the following sells among securities in…The difference between the buying price and the…A persistent rise in the general level of prices implies?SEE ALSO An example of a producer goods is a?