2001•Journal of Zhengzhou Institute of Aeronautical Industry ManagementRequires access
Deflation: Causes and Countermeasures
Gao Zhong
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Abstract
Deflation refers to economic unbalance with declining of price index and unemployment,the root cause of which is that money supply is short for money demand, while in commodity market, total supply exceeds total demand.And the current excess of total supply is attributed to the push of the macro-economic cost and economic structure. The solution to deflation should be a comprehensive one out of different kinds of wonderfu1 policies.