Deflation is best described as a______.

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问题 Deflation is best described as a______.

选项 A、decline in the natural rate of unemployment
B、fall in the value of currency
C、reduction in the money supply
D、decrease in the price level

答案D

解析答案为D项。deflation“通货紧缩”，是指这样一种经济状况，流通中货币减少，消费者支出减少，总物价水平下跌。本题中D项之意： “物价水平下降”是对通货紧缩的最好描述，故选D项。

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