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How bad is deflation 2024?

Alexander Wright | 2023-05-07 11:15:09 | page views：1428
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Charlotte Johnson

Studied at Princeton University, Lives in Princeton, NJ
A little bit of inflation is good for economic growth -C around 2-3% a year. But, when prices begin to fall after an economic downturn, deflation may set in causing an even deeper and more severe crisis. As prices fall, production slows and inventories are liquidated. Demand drops and unemployment increases.
2023-05-08 11:15:09
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Samuel Baker

QuesHub.com delivers expert answers and knowledge to you.
A little bit of inflation is good for economic growth -C around 2-3% a year. But, when prices begin to fall after an economic downturn, deflation may set in causing an even deeper and more severe crisis. As prices fall, production slows and inventories are liquidated. Demand drops and unemployment increases.
Why is Deflation Bad for the Economy? | Investopedia
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