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.
For example, if the inflation rate is 2% annually, then theoretically a $1 pack of gum will cost $1.02 in a year. After inflation, your dollar can't buy the same goods it could beforehand. Deflation is when the general level of prices is falling. This is the opposite of inflation.