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     EduGorilla 
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    Which of the following is an appropriate description of `deflation`?

    Options :-

    1. It is a sudden fall in the value of a currency against other currencies.
    2. It is a persistent recession in the economy.
    3. It is a persistent fall in the general price level of goods and services.
    4. It is a fall in the rate of inflation over a period of time.
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