Which of the following summarizes the economic view on Deflation Select one: a. Deflation is good for the economy because as prices fall people can buy more goods which creates jobs b. Deflation is harmful, can cause mass bankruptcies and foreclosures, can trigger a deflationary spiral, and thus should be avoided c. Deflation is neither good, nor bad and the price level should be allowed to cycle through inflation and deflation as part of the normal business cycle d. Deflation is impossible in a capitalist society