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Why inflation is bad for the economy 2024?

Julian Cook | 2023-05-07 11:14:55 | page views：1397
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Charlotte Gonzales

Studied at the University of Cambridge, Lives in Cambridge, UK.
There is less incentive to increase inventory, so unemployment and loss of production ripple through the economy causing a deflationary, downward spiral. Prices can fall due to productivity, but this is not deflation in the price level generally. The latter is cause by decreasing aggregate demand.
2023-05-14 11:14:55
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Julian Martinez

QuesHub.com delivers expert answers and knowledge to you.
There is less incentive to increase inventory, so unemployment and loss of production ripple through the economy causing a deflationary, downward spiral. Prices can fall due to productivity, but this is not deflation in the price level generally. The latter is cause by decreasing aggregate demand.
Why is inflation a good thing or bad thing in an economy? | Socratic
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