deflation

EnglishEdit

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EtymologyEdit

deflate +‎ -ion.

PronunciationEdit

NounEdit

deflation (plural deflations)

  1. An act or instance of deflating.
    The loss caused utter deflation and disappointment among the fans.
  2. (economics) A decrease in the general price level, that is, in the nominal cost of goods and services as well as wages.
  3. (economics, euphemistic) An economic contraction.
    • 1969 March 13, “Stans to seek foreign trade”, Christian Science Monitor:
      Beyond that, there is the hope that deflation of the US economy which the administration has in mind will, overtime; stem the import flood.
    • 1976 October 11, “Unions Hold Key To British Stability”, Milwaukee Sentinel:
      It also must be acknowledged that Britain's problems won't be solved by an abrupt deflation of the economy.
    • 1978 June 3, “Valley Pipe Dream Wrecked Economy”, Calgary Herald:
      The great deflation of the northern economy occurred with the rupturing of the Mackenzie Valley pipe dream.

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Last modified on 8 April 2014, at 02:56