Many people accept inflation as a fact of life. However, under certain economic situations, the opposite phenomenon actually takes place, and is known as “deflation.” Deflation is the reduction of prices of goods, and although deflation may seem like a good thing when you’re standing at the checkout counter,�it’s not. Rather, deflation is an indication [...]
What Is Deflation – Definition, Causes & Effects is a post from the Money Crashers personal finance blog.
Source: http://www.moneycrashers.com/deflation-definition-causes-effects/
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