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Why inflation can be good and bad 2024?

Samuel Rivera | 2023-05-07 11:15:09 | page views：1427
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Julian Carter

Works at the International Air Transport Association, Lives in Montreal, Canada.
Inflation decreases the amount of goods that money can buy. Since it decreases the purchasing power of people's money, inflation encourages them to spend it instead of letting it sit idle and lose its value over time. This way, it helps prevent the stagnation of the economy. It can wipe away people's savings.
2023-05-09 11:15:09
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Maya Carter

QuesHub.com delivers expert answers and knowledge to you.
Inflation decreases the amount of goods that money can buy. Since it decreases the purchasing power of people's money, inflation encourages them to spend it instead of letting it sit idle and lose its value over time. This way, it helps prevent the stagnation of the economy. It can wipe away people's savings.
Why is inflation a good thing or bad thing in an economy? | Socratic
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