Reason (R): Deflation refers to steady increase in general price level.
A. Both ‘A’ and ‘R’ are true and ‘R’ is the correct explanation to ‘A’
B. Both‘A’ and ‘R’ are true but ‘R’ is not the correct explanation to ‘A’
C. ‘A’ is true but ‘R’ is false
D. ‘A’ is false but ‘R’ is true
Answer:C
Reason (R): Deflation refers to steady increase in general price level.
A. Both ‘A’ and ‘R’ are true and ‘R’ is the correct explanation to ‘A’ B. Both‘A’ and ‘R’ are true but ‘R’ is not the correct explanation to ‘A’ C. ‘A’ is true but ‘R’ is false D. ‘A’ is false but ‘R’ is true