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deflation

Word family
de·fla·tion /diːˈfleɪʃən/ noun [uncountableU] technical  
a reduction in the amount of money in a country’s economy, so that prices fall or stop rising 通货紧缩 inflation
deflationary adjectiveadj
 the government’s deflationary policies
政府的通货紧缩政策
Examples from the Corpus
From Longman Business Dictionary
deflationde·fla·tion /ˌdiːˈfleɪʃən, dɪ-/ noun [uncountableU]
ECONOMICS when a government reduces demand for goods and services by raising interest rates and taxes, limiting wage increases, or reducing government spending, or a combination of these
Governments responded to the loss of competitiveness by deflation and incomes policies.
deflationary adjectiveadj
The government was unwilling to introduce adequate deflationary policies.
asset deflation currency deflation compare disinflation, inflation
de·fla·tion noun
Chinese
Syllable
Corpus

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