deflation
Definition from Wiktionary, a free dictionary
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[edit] English
[edit] Etymology
[edit] Pronunciation
- Rhymes: -eɪʃǝn
[edit] Noun
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Singular |
Plural |
deflation (plural deflations)
- (economics) A decrease in the general price level, that is, in the nominal cost of goods and services as well as wages.
- (Can we verify(+) this sense?) (economics) A contraction in the volume of money and credit relative to available goods.
[edit] Synonyms
[edit] Antonyms
[edit] Derived terms
[edit] Translations
decrease in the general price level
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