deflationary spiral

Other forms: deflationary spirals

Definitions of deflationary spiral
  1. noun
    an episode of deflation in which prices and wages decrease at an increasing rate and currency gains in value
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    antonyms:
    inflationary spiral
    an episode of inflation in which prices and wages increase at an increasing rate and currency rapidly loses value
    type of:
    spiral
    a continuously accelerating change in the economy
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