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One of the impacts of deflation in the Great Depression was that a. real incomes fell. b. wealth was transferred from savers to borrowers. c.

One of the impacts of deflation in the Great Depression was that

a.

real incomes fell.

b.

wealth was transferred from savers to borrowers.

c.

the value of money that people held decreased.

d.

real wages rose making workers more expensive to hire.

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