◈ Oracle PrepSign Up Free
O-LevelEconomicsGovernment and the macroeconomy2281/12 · May/June 2017 · Q211 Mark

What is meant by deflation?

Afall in the general price level
Bfall in the international value of a currency
Cfall in the rate of inflation
Dfall in the real value of money

✓ Correct answer

A: fall in the general price level

Practise more questions on this topic

Oracle Prep sorts past-paper questions by topic, so you can drill Government and the macroeconomy and see which topics are most likely to come up next.

Sign up free →

About this question

Topic
Government and the macroeconomy, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, May/June 2017 Paper 1 Variant 2, question 21.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

Related Economics questions

Government and the macroeconomyMay/June 20111m

Which people are most likely to gain at a time of inflation?

Government and the macroeconomyMay/June 20121m

What would be most likely to reduce the rate of inflation?

Government and the macroeconomyMay/June 20121m

A government decides to sell to a private firm its monopoly supply of gas to households. How could the government pro…

Microeconomic decision makersMay/June 20111m

What is an advantage of small-scale production?

Microeconomic decision makersMay/June 20111m

A major computer company announced that its profits had fallen below the level predicted. What might have caused this?

The allocation of resourcesMay/June 20111m

Which change must occur when a firm starts to experience diseconomies of scale?

← Browse all past-paper questions

© 2026 Oracle Prep