When the price level in the united states falls relative to the price level of other countries, what does it signify for US?

Deflation

Explanation:

Deflation is a fall in the general price level of goods and services. Deflation occurs when the inflation rate falls below 0%. So when we say the price level in the united states falls relative to the price level of other countries, this signifies that the united state is moving toward or going through Deflation.