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Explain the difference between deflation and disinflation, and analyse the impact on an economy of a prolonged period of deflation.

Explain the difference between deflation and disinflation, and analyse the impact on an economy of a prolonged period of deflation. with references if possible

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Deflation is the decrease in prices of goods and services, it is the opposite of inflation. Disinflation is the decrease in... View the full answer

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Deflation can be defined as a decrease in general price level through the economy. If there is a higher supply of good and... View the full answer

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