I want to know the answer to the following question:
What have central banks around the world done to avoid the risk of a deflationary spiral?
All the background I'm provided with is that "The U.S. Federal Reserve and central banks around the world have taken steps to expand money supplies to avoid the risk of a deflationary spiral, in which lower wages and higher unemployment lead to a self-reinforcing decline in global consumption.". Is that enough to answer the question?
Answer: yes