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Deflation: Why Falling Prices Are Bad

Activity (Answer Key)

Irving Fisher's 1933 debt-deflation theory frames the explanation, and the worked answers give the year-by-year CPI values for Japan's stretch below zero from 1995 to 2012 and the U.S. crash from 1929 to 1933, plus a sample memo defending a pre-position call with five vocabulary terms.

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