Definition of NOVA. : a star that suddenly increases its light output tremendously and then fades away to its former obscurity in a few months or years.â noÂ·vaÂ·like \-vÉ-ËlÄ«k\ adjective.ADVERTISEMENT. a star that suddenly increases its light output tremendously and then fades away to its former obscurity in a few months or years.
The tutorial All About Inflation has the answers. Deflation Deflation is a general decline in prices, often caused by a reduction in the supply of money or credit. Deflation can also be caused by a decrease in government, personal or investment spending.
In economics, deflation is a decrease in the general price level of goods and services. Deflation occurs when the inflation rate falls below 0% (a negative inflation rate). This should not be confused with disinflation, a slow-down in the inflation rate (i.e., when inflation declines to lower levels).Inflation reduces the real value of money over time; conversely, deflation increases the real value of money â the currency of a national or regional economy. Growth deflation: an enduring decrease in the real cost of goods and services as the result of technological progress, accompanied by competitive price cuts, resulting in an increase in aggregate demand.