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

deflation• Phases of weathering, drying and deflation would lead to a steady deepening of the hollow.• The nominal stock of money, M 1, is assumed to remain unchanged in the face of balanced deflation.• Obviously a process of balanced deflation would entail no alteration of the real wage rate.• Governments responded to the profits squeeze and loss of competitiveness by deflation and incomes policies.• The authorities have been struggling to deal with the problems of debt deflation for just over 11 years now.• In fact, because of deflation, the wages of those working actually went up, in effect.

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.

Chinese

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