Since my last question wasn’t answered, or maybe I didn’t ask it the right way, let me rephrase.
Is it possible or likely in a deflationary period for 1) prices in general to drop (cost of groceries, house, cars, etc – I know that some imports may not follow the trend), and 2) and at the same time the dollar becomes less valuable vs other currencies – that it’s relative value goes down.
I’m just trying to understand that the dollar and it’s purchasing power in the USA may not be intimately linked to it’s buying power abroad.
I’m a scientist, and not an economist, and so please forgive me for not always using the correct contextual words for economists.