Difference between revisions of "Deflation"
| Line 5: | Line 5: | ||
:[[Deflation]]. Negative inflation. | :[[Deflation]]. Negative inflation. | ||
According to [[Macroeconomics by Mankiw (7th edition)]], | According to [[Macroeconomics by Mankiw (7th edition)]], | ||
| − | [[Deflation]]. A decrease in the overall level of prices. (Cf. disinflation, inflation.) | + | :[[Deflation]]. A decrease in the overall level of prices. (Cf. disinflation, inflation.) |
[[Category: Economics]][[Category: Articles]] | [[Category: Economics]][[Category: Articles]] | ||
Revision as of 14:19, 2 July 2020
Deflation is negative inflation.
Definition
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.)
