Deflation can be described as when $1 can purchase more goods and services. $1 can purchase less goods and services. $1 can purchase more goods but less services. $1 can purchase less goods and more services. A good form of money is described as having the following characteristics: unit of account, medium of exchange, store of value, and standard of deferred payment. unit of account, medium of exchange, and store of value. unit of account, medium of exchange, and standard of deferred payment. unit of account, medium of exchange, store of value, and money