| NOUN | process | deflationary spiral | an episode of deflation in which prices and wages decrease at an increasing rate and currency gains in value |
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| Meaning | An episode of deflation in which prices and wages decrease at an increasing rate and currency gains in value. | |
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| Broader | spiral | A continuously accelerating change in the economy |
| Opposite | inflationary spiral | An episode of inflation in which prices / prices and wages increase at an increasing rate and currency rapidly loses value |
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