WordValenoun
deflation
a general fall in prices across an economy
In more detail
1. (noun) a decrease in the general level of prices for goods and services in an economy
2. (noun) the act of letting air or gas out of something, like a balloon or tire
Examples
- 1. During deflation, the value of money increases because you can buy more with the same amount.
- 2. The deflation of the tire made it impossible to drive the car.
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