Скачать или смотреть Deflation: Causes, Consequences, and Management | IGCSE Economics | ThinkIGCSE.com

Welcome to ThinkIGCSE.com's concise guide on deflation! In this video, we explore the causes, consequences, and management of deflation for IGCSE Economics students.

Deflation is the decrease in the general price level of goods and services over time. It can be caused by lower demand, oversupply of goods, or improvements in productivity and efficiency.

Consequences of deflation include increased purchasing power, but it can lead to lower profits, wages, and investment, as well as debt deflation.

To manage deflation, governments can use expansionary monetary policy (reducing interest rates), fiscal policy (increasing government spending), and supply-side policies (stimulating demand).

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