USA HISTORY

Detailed explanation-1: -In economics, deflation is a decrease in the general price level of goods and services. Deflation occurs when the inflation rate falls below 0% (a negative inflation rate). Inflation reduces the value of currency over time, but sudden deflation increases it.

Detailed explanation-2: -Deflation is the general decline of the price level of goods and services. Deflation is usually associated with a contraction in the supply of money and credit, but prices can also fall due to increased productivity and technological improvements.

Detailed explanation-3: -Deflation is the opposite of inflation. It is a decrease in the general price level of goods and services and represents an increase in the value of money, where an amount of money can be exchanged for more goods and services.

Detailed explanation-4: -Deflation, conversely, is the general decline in prices for goods and services, indicated by an inflation rate that falls below zero percent. Both can be potentially bad for the economy, depending on the underlying reasons and the rate of price changes.

Detailed explanation-5: -Deflation is when the general price levels in a country are falling-as opposed to inflation when prices rise. Deflation can be caused by an increase in productivity, a decrease in overall demand, or a decrease in the volume of credit in the economy.