Social Studies
Social Studies, 23.02.2021 03:50, keasiabradley

Explain what is bad about deflation. That is, if money is worth less than before, describe the impact on those who have loans they have to pay back. deflation increases debt, if prices drop by 10% then your best would increase by 10%. you had to work harder and longer to pay it off.

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Explain what is bad about deflation. That is, if money is worth less than before, describe the impac...

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