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Zoe Martin——Studied at the University of Melbourne, Lives in Melbourne, Australia.
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.read more >>+119962023-05-15 11:14:55
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