通货紧缩

tōng huò jǐn suō zhèng cè

通货紧缩政策

deflation policy

zài tōng huò jǐn suō de jīng jì tǐ zhōng shí jì lì lǜ gāo yú míng yì lì lǜ

在通货紧缩的经济体中，实际利率高于名义利率。

Under deflation, real interest rates are higher than nominal ones.

tōng huò jǐn suō cóng běn zhì shàng shuō shì yī zhǒng huò bì xiàn xiàng

通货紧缩，从本质上说是一种货币现象。

Currency deflation is in essence a kind of currency condition.