Social Sciences, asked by Lovergirl5944, 1 month ago

Inflation is unjust and deflation is expedient, discuss

Answers

Answered by NiyatiKartik

Answer:

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Explanation:

In 1923, John Maynard Keynes addressed a fundamental economic question that remains valid today. “Inflation is unjust and deflation is inexpedient”, he wrote. “Of the two perhaps deflation is… the worse; because it is worse… to provoke unemployment than to disappoint the rentier.

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