Economy, asked by anandterang5mile, 2 months ago

what is inflation?How does inflation harm the economy of a country?​

Answers

Answered by patelsanjeev1978
0

Answer:

Inflation erodes purchasing power or how much of something can be purchased with currency. Because inflation erodes the value of cash, it encourages consumers to spend and stock up on items that are slower to lose value. It lowers the cost of borrowing and reduces unemployment.

Answered by ashokkumarchaurasia
0

Explanation:

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Inflation erodes purchasing power or how much of something can be purchased with currency. Because inflation erodes the value of cash, it encourages consumers to spend and stock up on items that are slower to lose value. It lowers the cost of borrowing and reduces unemployment.

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