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 ?
Thus, Hart's theory of law is consistent with nearly any theory of legal truth: including coherence, correspondence, warranted assertibility, and deflationist.
In tackling the problem of formulating a theory, deflationists tend to avoid using the substitutionally quantified formulation:
I have not produced a deflationist explanation of why true belief
4) The property deflationist, by contrast, recognizes that such generalizations express genuinely universal propositions, and explains the utility of truth-generalizations in expressing conditional commitments by appealing to the simple equivalence schemata.
A given proposition is true just where the world is thus and so (or so the deflationist picture asks us to suppose).
But as he well knows, this objection" is unlikely to worry deflationists, who mean to take a deflationary attitude with respect to any need for primitive semantic concepts.
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).
The deflationist strategy in question has fittingly been coined "Modal Fictionalism", juxtaposing it nicely with Lewis's own Modal Realism (Lewis, 1986).
The result is a deflationist conception of properties: yes, they exist mind-independently (and necessarily), but their natures are exhausted by our property-invoking inferential and linguistic practices.
Papers by Robert Brandom, Dorothy Grover, Paul Horwich, and Michael Williams defend the deflationist theory of truth, which is most accredited among the epistemic accounts of truth, claiming, namely, that the truth of a statement does not consist in an external relation to a feature of reality but in its possessing a positive epistemic status within our conceptual scheme or within our experience.
What the Deflationist May Say About Truthmaking, MATTHEW McGRATH
There is an incompatibility between the deflationist approach to truth, which makes truth transparent on the basis of an antecedent grasp of meaning, and the traditional endeavour, exemplified by Davidson, to explicate meaning through truth.