deflation: see inflation inflation, in economics, persistent and relatively large increase in the general price level of goods and services. Its opposite is deflation, a process of generally declining prices. The U.S.
..... Click the link for more information. .

deflation

Contraction in the volume of available money or credit that results in a general decline in prices. A less extreme condition is known as disinflation. Attempts are sometimes made to bring on deflation (through raising interest rates and tightening the money supply) in order to combat inflation and slow the economy. Deflation is characteristic of depressions and recessions.

deflation

1. Economics a reduction in the level of total spending and economic activity resulting in lower levels of output, employment, investment, trade, profits, and prices

2. Geology the removal of loose rock material, sand, and dust by the wind

deflation [di′flā·shən]

(geology)

The sweeping erosive action of the wind over the ground.

deflation (redirected from deflationists)

deflation

deflation
(redirected from deflationists)