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Question
Explain disinflation.
Answer in Brief
Solution
Disinflation:
Disinflation is slowing down the rate of inflation by controlling the amount of credit (bank loan, hire purchase) available to consumers without causing more unemployment. Disinflation may be defined as the process of reversing inflation without creating unemployment or reducing output in the economy.
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Meaning of Deflation, Disinflation and Stagflation
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