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To: Lee Lichterman III who wrote (13749)10/20/2004 10:27:16 AM
From: zonder  Respond to of 116555
 
My Econ 101 said deflation ("general decrease in price levels") is the opposite of inflation ("general increase in price levels". A quick google search for "definition deflation" confirmed this.

Disinflation is not the opposite of inflation. It is a period of positive but slowing inflation. (NOT negative inflation - i.e. deflation). That is, disinflation is a measure of inertia, not of velocity.

All that according to generally accepted definitions of the terms, the way they are taught in schools, of course. If some obscure economist decided to use these words to mean other stuff, I wouldn't know that.