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deflation |
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deflation [dɪˈfleɪʃən] n 1. the act of deflating or state of being deflated 2. (Economics) Economics a reduction in the level of total spending and economic activity resulting in lower levels of output, employment, investment, trade, profits, and prices Compare disinflation 3. (Earth Sciences / Geological Science) Geology the removal of loose rock material, sand, and dust by the wind deflationary adj deflationist n & adj
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