Question

definition of deflation​

Answer 1

Explanation:

In economics, deflation is a decrease in the general price level of goods and services.[1] Deflation occurs when the inflation rate falls below 0% (a negative inflation rate). Inflation reduces the value of currency over time, but sudden deflation increases it. This allows more goods and services to be bought than before with the same amount of currency. Deflation is distinct from disinflation, a slow-down in the inflation rate, i.e. when inflation declines to a lower rate but is still positive.[2]

Economists generally believe that a sudden deflationary shock is a problem in a modern economy because it increases the real value of debt, especially if the deflation is unexpected. Deflation may also aggravate recessions and lead to a deflationary spiral.[3][4][5][6][7][8][9]

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Answer 2

Explanation:

the action or process of deflating or being deflated.

"the deflation of the illusion that the 1960s were a perpetual party"

2.

ECONOMICS

reduction of the general level of prices in an economy.

"a time of high unemployment and deflation"