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Explain how deflation can impact the national and global economies.

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Answer: when the prices of goods and services decrease across the entire economy

Explanation: Deflation is when the prices of goods and services decrease across the entire economy, increasing the purchasing power of consumers. It is the opposite of inflation and can be considered bad for a nation as it can signal a downturn in an economy, leading to a recession or depression. :)

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User Manzhikov
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