How Deflation Works
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Though steadily falling prices over a prolonged period sounds like a good thing, deflation is the ultimate vicious cycle. When the money supply decreases due to tight credit, a terrible cascade of negative reactions ensues, often leading to severe economic contraction, recession, or depression. If there is too little money circulating in the economy, demand for goods drops, as do prices. If companies sell less at a lower profit, they cut back on manufacturing...
Format:Library Binding
Language:English
ISBN:1435894650
ISBN13:9781435894655
Release Date:August 2010
Publisher:Rosen Young Adult
Length:80 Pages
Weight:0.68 lbs.
Dimensions:0.4" x 6.8" x 9.2"
Age Range:12 to 17 years
Grade Range:Grades 7 to 12
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