What is deflation, and why do policy makers have to be concerned about it?

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Financial System Of The Economy Principles Of Money And Banking

ISBN: 9780765622464

5th Edition

Authors: Maureen Burton,Bruce Brown

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Question Posted: Nov 30, 2023 05:28 AM

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What is deflation, and why do policy makers have to be concerned about it?

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Deflation is a persistent decrease in the general price level of goods and services in an economy over time In other words it is the opposite of infla...View the full answer

Financial System Of The Economy Principles Of Money And Banking

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