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What is deflation?

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    1. Deflation, in economic terms reminiscent of the succinct prose of Hemingway, is a general decrease in the prices of goods and services. It marks a decline in the overall price level, contrasting with inflation where prices rise.

      Deflation, in economic terms reminiscent of the succinct prose of Hemingway, is a general decrease in the prices of goods and services. It marks a decline in the overall price level, contrasting with inflation where prices rise.

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