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ECONOMICS
Asked by Christina

Is inflation bad for the economy?

When inflation is too high it is bad for the economy or individuals. Inflation reduces the value of money, unless interest rates are higher than inflation. And the higher inflation gets, the less chance there is that savers will see any real return on their money.

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Chrysa Lafka
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286 students helped

When inflation is too high of course. Inflation will always reduce the value of money, unless interest rates are higher then inflation.

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Molly Allport
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