If you're seeing this message, it means we're having trouble loading external resources for Khan Academy.

If you're behind a web filter, please make sure that the domains *.kastatic.org and *.kasandbox.org are unblocked.


3 videos
Prices don't always go up. Sometimes they go down (we call this deflation). This tutorial explains how this happens.


VIDEO 3:10 minutes
Basics of deflation

Velocity of money rather than quantity driving prices

VIDEO 3:31 minutes
How velocity of money can drive price increases

Deflation despite increases in money supply

VIDEO 4:04 minutes
How you can have deflation even if the money supply increases