The government has tried to create wage growth with a higher minimum wage which is leading to less jobs. We have too few people making too little money. If no one has any money does demand go up and drive inflation?
No, the opposite, demands go down. If money shortage is severe enough, a country can experience deflation, the opposite of inflation.
Content will be erased after question is completed.
Enter the email address associated with your account, and we will email you a link to reset your password.
Forgot your password?