QWhat do you understand by the term "deflation"?

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• A Excess circulation of money, causing dearness of goods ✔ ✖
• B Increase in interest rates diverts money into savings and reduce circulation of money causing prices to fall. ✔ ✖
• C Devaluation of local currency to the larger extend. ✔ ✖
• D Decline in remittances from abroad, causing economic hardships for the Government ✔ ✖

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