Deflation
- Created by: Lottie
- Created on: 20-05-12 10:28
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WHAT IS IT?
- decrease in general price level of the economy
- fall in prices in particular markets NOT the same as economy wide deflation
- economist believe that it is sometimes beneficial for the economy as stable price level can lead to better decisions & more effeicent use of scarce resources
- allows companies to cut costs & rpices, therby…
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