Inflation causes prices to rise, purchasing power to decrease, and currency power to fall, while deflation causes prices to fall, purchasing power to increase, and currency power to rise.

Authors

• Person: Not available Organization: Nicolet College
  Systemic or “Macro” Factors that Affect Financial Thinking

Sources

• Systemic or “Macro” Factors that Affect Financial Thinking nicoletcollege.pressbooks.pub Nicolet College via serper

Referenced by nodes (2)

• purchasing power concept
• inflation concept