Which one may not refer to deflation? A. excess supply. B. price falls. C. recession. D.deficient demand E. cyclical unemployment is zero. D. Expansionary fiscal policy in place.
Muhammad Atif Nawaz
I agree with Mis Preeeti Sharma, Expansionary Fiscal Policy is the correct answer.
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Okechukwu Utazi
If you mean excess supply of money, then it is also not deflationary
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Satyanarayana Murthy Dogga
Expansionary nature of any macroeconomic policy, it may be fiscal policy or monetary policy, will never explain deflation.
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