Why Don't Prices Decline During A Recession?

If we use the analysis from "Why Does Money Have Value" we see that the inflation rate should rise during a boom and fall during a recession. This point was confirmed by "A Beginner's Guide to Economic Indicators". Our analysis would seem to imply that we should expect deflation during a recession. However the economy very rarely experiences deflation.

This week's article "Why Don't Prices Decline During A Recession?" examines why inflation occurs in both economic expansions and economic contractions.