In economics, deflation is an increase in the real value of the monetary unit of account, as reflected in a decrease in the general price level of goods and services exchanged, measurable by broad price indices. Deflation is a monetary phenomenon, explainable in terms of changes in money supply and velocity relative to spending on output.
In economics, deflation is an increase in the real value of the monetary unit of account, as reflected in a decrease in the general price level of goods and services exchanged, measurable by broad price indices. Deflation is a monetary phenomenon, explainable in terms of changes in money supply and velocity relative to spending on output.
Source: Wikipedia "Deflation" · CC BY-SA 4.0
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