During the Covid 19 period households saving went up

Last updated: 10/24/2023

During the Covid 19 period households saving went up significantly and at the same time businesses were more reluctant to borrow and invest Therefore the interest rate remained the same the interest rate decreased the interest rate increased Question 14 3 points 4 Listen What is a reason why deflation is detrimental is to the economy deflation leads to falling asset prices which in turn hits personal wealth and confidence deflation decreases the real value of debt burden on borrowers deflation generates too much profits for businesses spond too much