English version

deflation

From Longman Dictionary of Contemporary Englishdeflationde‧fla‧tion /diːˈfleɪʃən/ noun [uncountable] technical  a reduction in the amount of money in a country’s economy, so that prices fall or stop risinginflationdeflationary adjective the government’s deflationary policies
Examples from the Corpus
deflationPhases of weathering, drying and deflation would lead to a steady deepening of the hollow.The nominal stock of money, M 1, is assumed to remain unchanged in the face of balanced deflation.Obviously a process of balanced deflation would entail no alteration of the real wage rate.Governments responded to the profits squeeze and loss of competitiveness by deflation and incomes policies.The authorities have been struggling to deal with the problems of debt deflation for just over 11 years now.In fact, because of deflation, the wages of those working actually went up, in effect.
From Longman Business Dictionarydeflationde‧fla‧tion /ˌdiːˈfleɪʃən, dɪ-/ noun [uncountable] ECONOMICS when a government reduces demand for goods and services by raising interest rates and taxes, limiting wage increases, or reducing government spending, or a combination of theseGovernments responded to the loss of competitiveness by deflation and incomes policies.deflationary adjectiveThe government was unwilling to introduce adequate deflationary policies. asset deflation currency deflation compare disinflation, inflation
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