deflation

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Deflation

Decline in the prices of goods and services. Antithesis of inflation.

Deflation

A situation in which a currency gains value, often resulting from a decrease in prices. Many economists believe that deflation is the result a fall in demand for goods and services, which causes producers to reduce prices. This reduces their profits and causes a reduction in investment, which contributes to a further drop in demand. Because of this deflationary spiral, deflation is often associated with recessions and depressions and has been known to cause unemployment. It is also called negative inflation. See also: Lost Decade, Inflation.

deflation

A reduction in consumer or wholesale prices. The term generally applies to more than just a temporary decline. Compare inflation. See also disinflation.

Deflation.

Deflation, the opposite of inflation, is a gradual drop in the cost of goods and services, usually caused by a surplus of goods and a shortage of cash.

Although deflation seems to increase your buying power in its early stages, it is generally considered a negative economic trend. That's because it is typically accompanied by rising unemployment, falling production, and limited investment.

deflation

a fall in the rate of growth of the general level of prices in an economy, or an absolute reduction in the general level of prices (see PRICE INDEX). The authorities may seek to deflate the economy in order to combat INFLATION and eliminate a BALANCE OF PAYMENTS deficit by using restrictive monetary and fiscal measures, i.e. increasing interest rates and taxes to cut spending. See ECONOMIC POLICY, MONETARY POLICY, FISCAL POLICY, PRICES AND INCOMES POLICY.

deflation

a reduction in the level of NATIONAL INCOME and output usually accompanied by a fall in the general price level (DISINFLATION).

A deflation is often deliberately brought about by the authorities in order to reduce INFLATION and to improve the BALANCE OF PAYMENTS by reducing import demand. Instruments of deflationary policy include fiscal measures (e.g. tax increases) and monetary measures (e.g. high interest rates). See MONETARY POLICY, FISCAL POLICY.

References in periodicals archive ?
One of my principal aims in "Weak Deflationism" was to show that given Horwich's resources, the deflationist can do what Horwich said she cannot: she can formulate deflationism.
So suppose the deflationist were denied appeal to material implication in formulating her theory and giving explanations.
When these are considered, I believe the deflationist does best to modify her account of truth as follows: For all truth-free propositions P, P explains what it is for P to be true.
18) Contra the deflationists, truth for sentences needs to be analyzed or elucidated in terms of substantial meaning.
In fact, it seems there is a more general procedure that can be employed by finitistic Weak Deflationists for formulating explanations for general facts.
This essay defends an account of truth that draws from both correspondence and deflationist theories.
The deflationist, however, need not accept disquotationalism, for she need not accept one of its corollaries, viz.
4) Could any deflationist account of truth provide all the H-equivalences that might be needed for this purpose?
3) Such a view might naturally be called a deflationist view of meaning and content; or more accurately, a deflationist view of meaning that and having the content that, or a deflationist view about the role of truth conditions in meaning or content.
The division between the inflationist and deflationist positions is in some ways the most fundamental division within the theory of content and meaning (though as with many fundamental divisions in philosophy, the line between the two views is not absolutely sharp).
My goal is to clarify this as I go along, by making explicit the limited role that I think the deflationist can give to truth conditions, and identifying kinds of role that deflationism cannot allow truth conditions to have.
Such a theory of content and meaning would occupy the borderline between a deflationist and inflationist theory: it would be rather a matter of taste which way we describe it.