deflation

Meanings

• noun

  A general decrease in prices and wages throughout an economy.

  - "The deflation in the 1930s led to widespread unemployment and poverty."
  - "Economists are concerned that deflation could lead to a downward spiral in economic activity."

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Antonyms

inflation

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Synonyms

disinflation , impoverishment

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Rhymes

Words rhyming with deflation
inflation , station , nation

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Variants

List of all variants of deflation that leads to same result
deflation , deflationary , deflations

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Etymology

origin and the way in which meanings have changed throughout history.

From the Latin word 'deflatio', meaning 'a letting down or emptying'.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. Deflation can make it difficult for borrowers to repay their debts because the value of their income decreases as prices fall.

2. The United States experienced deflation during the Great Depression, which lasted from 1929 to 1939.

3. Some economists argue that deflation can actually be beneficial for an economy if it is caused by increased productivity and efficiency, rather than by a decrease in demand.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. inflation: The opposite of deflation, characterized by an increase in prices and wages.

2. stagflation: A condition of inflation accompanied by stagnant economic growth, high unemployment, and sometimes rising prices for food and energy.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Deflation is a significant economic concept that has been the subject of much study and debate in economics and finance. It has been depicted in various forms of literature, art, and music, often as a symbol of economic hardship and instability.

How to Memorize "deflation"

1. visualize
   

   - Imagine a balloon being slowly let down, releasing air and shrinking in size, to represent deflation.

2. associate
   

   - Associate deflation with economic hardship and instability, such as unemployment and poverty.

3. mnemonics
   

   - Use the mnemonic 'Drops In Flows And Trade Stops' to remember that deflation is characterized by decreases in prices, wages, and economic activity.

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