Al asked in Social ScienceEconomics · 1 month ago

will shutdowns cause deflation ?

since there is less currency in the economy, does that cause deflation. Inflation is when there is a lot of currency in the economy so is  deflation the exact opposite

2 Answers

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  • Oiy
    Lv 6
    1 month ago

    Yes, since the first lockdown, the word has gone into recession so far. Only one or two countries in the world remain to maintain the positive growth rate such as China and Japan. Yes, we have to eat. Someone must go back to work.

  • ?
    Lv 7
    1 month ago

    we're in a recession, quickly heading for a depression. that way America will be cheaper for Russia, China and Iran to buy.

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