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Deflation (view source)

Revision as of 22:48, October 30, 2008

276 bytes added ,  22:48, October 30, 2008
needed term
'''Deflation''' is when the value of paper money (e.g., a dollar bill) increases over time. The cost of goods "deflate" in their prices, so that what cost $1 last year may cost only 80 cents this year.

'''Deflation''' is the opposite of [[inflation]].
[[Category:Economics]]
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