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English Definitions
deflation
N
(geology) the erosion of soil as a consequence of sand and dust and loose rocks being removed by the wind
deflation
N
a contraction of economic activity resulting in a decline of prices
deflation
N
the act of letting the air out of something
deflationary
associated with or tending to cause decreases in consumer prices or increases in the purchasing power of money
N
an episode of deflation in which prices and wages decrease at an increasing rate and currency gains in value
English Definitions from WordNet 3.0
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