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noun. 1 a contraction of economic activity resulting in a decline of prices 2 the act of letting the air out of something; 3 the erosion of soil as a consequence of sand and d
The economy was in a state of deflation.
The economy was in a state of deflation.
Hear it
devaluation; loss of value; decrease
inflation
3 syllables
de-fla-tion
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