Difference between revisions of "Deflation"
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[[Deflation]] is negative inflation. | [[Deflation]] is negative inflation. | ||
| − | == | + | ==Definitions== |
According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | ||
:[[Deflation]]. Negative inflation. | :[[Deflation]]. Negative inflation. | ||
| − | + | According to [[Macroeconomics by Mankiw (7th edition)]], | |
| + | :[[Deflation]]. A decrease in the overall level of prices. (Cf. disinflation, inflation.) | ||
[[Category: Economics]][[Category: Articles]] | [[Category: Economics]][[Category: Articles]] | ||
Latest revision as of 14:20, 2 July 2020
Deflation is negative inflation.
Definitions
According to Principles of Economics by Timothy Taylor (3rd edition),
- Deflation. Negative inflation.
According to Macroeconomics by Mankiw (7th edition),
- Deflation. A decrease in the overall level of prices. (Cf. disinflation, inflation.)
