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| Topic: |
Business
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| Number of pages / Number of words: |
18 / 4880 |
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In the next two sections, we'll discuss these inflation and recession.
Inflation
Inflation is not a good thing because it slows down economic growth.
For example, when inflation is high, things cost more and people spend less. They also do less long-term planning that involves spending money, such as building houses and investing...
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They also do less long-term planning that involves spending money, such as building houses and investing. Businesses are affected in the same ways. When inflation is high, it tends to fluctuate quite a bit. This uncertainty makes people wary of spending money for fear that inflation will increase even more and they won't be able to pay their bills...
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