👉 The term "deflationary" in economics refers to a situation where the value of money decreases over time, causing prices to fall. This is often associated with inflationary pressures and can lead to economic instability and decrease living standards as people struggle to buy goods and services at lower prices than they are worth. Inflation occurs when the purchasing power of money decreases over time due to increased demand for goods and services relative to their production costs. Deflation, on the other hand, occurs when the purchasing
