(n) an episode of deflation in which prices and wages decrease at an increasing rate and currency gains in value, Syn.deflationary spiral, Ant.inflationary spiral
The Collaborative International Dictionary of English (GCIDE) v.0.53
2. a fall in the average prices of goods and services; -- usually associated with contraction of economic activity. Opposite of inflation. Compare disinflation. [ PJC ]
3. the reduction of available credit or a contraction of economic activity resulting from or associated with a decline of prices. [ WordNet 1.5 ]
4. the act of letting the air out of something. [ WordNet 1.5 ]
5. (Geol.) the erosion of land structures such as sand or soil due to the action of wind. RHUD [ PJC ]
adj. 1. of or pertaining to deflation; as, deflationary signs. [ WordNet 1.5 ]
2. (Economics) associated with or tending to cause decreases in consumer prices or increases in the purchasing power of money; as, deflationary measures. Opposite of inflationary. [ WordNet 1.5 ]
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