Deflation is characterized by an increase in currency value and purchasing power, resulting in falling prices where the same amount of currency can purchase more goods.

Authors

• Person: Not available Organization: LibreTexts
  1.3: Systemic or "Macro" Factors That Affect Financial Thinking

Sources

• 1.3: Systemic or "Macro" Factors That Affect Financial Thinking biz.libretexts.org LibreTexts via serper

Referenced by nodes (2)

• purchasing power concept
• currency value concept