deflation
Noun
Meaning
the act of letting the air out of something
a contraction of economic activity resulting in a decline of prices
(geology) the erosion of soil as a consequence of sand and dust and loose rocks being removed by the wind
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a constant deflation of the desert landscape
A bandpass filter is utilized to extract the oscillometric pulses from the cuff deflation curve.
Also, deflation did not occur in countries that did not have modern manufacturing, transportation and communications. citation Money supply, p. 222 By the end of the 19th century, the deflation ended and turned to mild inflation.
As Irving Fisher argued in 1933, in his Debt-Deflation Theory of Great Depressions, deflation (falling prices) can make a depression deeper as falling prices and wages made pre-existing nominal debts more valuable in real terms.
CG: These opposing forces, the overall economic destruction of the shutdowns and the unprecedented stimulus, are fueling a “deflation vs inflation” debate among economists and investors.
Analysts reckon that this is not synonymous with deflation, due to the fact that GDP has been growing since 2014, domestic consumption has rebounded as well and, especially, because core inflation remains slightly positive.