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People who are employed during deflationary periods may receive lower salaries due to decreased demand for their services. This can lead to decreased purchasing power over time, as their wages are not increasing. However, individuals are still able to maintain their income, which is better than not having any income at all. Furthermore, in deflationary periods, lenders are more likely to lend money, making borrowing for individuals easier.
Published at
2022-12-22 12:01:22Event JSON
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