What's it: Deflation is the state of the economy when the aggregate price level falls. This is the opposite of inflation, and we also call it negative inflation. Deflation is different from disinflation. Disinflation refers to a slower rate
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What's it: Deflation is the state of the economy when the aggregate price level falls. This is the opposite of inflation, and we also call it negative inflation. Deflation is different from disinflation. Disinflation refers to a slower rate