Question

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What do you mean by the term 'deflation"?
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Answer 1

Answer:

Deflation is generally the decline in the prices for goods and services that occur when the rate of inflation falls below 0%. Deflation will take place naturally, if and when the money supply of an economy is limited. Deflation in an economy indicates deteriorating conditions.

Answer 2

Answer:

here is ur answer

Explanation:

Deflation is normally linked with significant unemployment and low productivity levels of goods and services. The term “Deflation” is often mistaken with “disinflation.” While deflation refers to a decrease in the prices of goods and services in an economy, disinflation is when inflation increases at a slower rate.