Rising prices discourage consumption, which in turn discourages production, causing an economy to slow down from a 'boom' condition to a more manageable growth rate.

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• Person: Not available Organization: LibreTexts
  1.3: Systemic or "Macro" Factors That Affect Financial Thinking

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• 1.3: Systemic or "Macro" Factors That Affect Financial Thinking biz.libretexts.org LibreTexts via serper

Referenced by nodes (1)

• consumption concept