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poizon [28]
2 years ago
14

Why was deflation so bad for the economy?

History
1 answer:
laiz [17]2 years ago
7 0

Answer:

Economists fear deflation because falling prices lead to lower consumer spending, which is a major component of economic growth. Companies respond to falling prices by slowing down their production, which leads to layoffs and salary reductions.

Explanation:

i am sorry if it wrong

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These three separate documents gave differing accounts of the Battle of Somme when the British and French allied forces launched an attack for the control of frontier Somme River against Germany during the First World War.

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