With all the talk of inflation lately—and we’ve all felt the higher prices at this point—it makes sense to take a look at the other players on the economic stage (deflation and recession).
When we have inflation, deflation and recession can follow. How so? As we put out the fire of an overly eager economy, we’ll see a slowdown that fits the description of deflation.
Putting the brakes on the economy isn’t normally a bad thing. But what can follow, if the cooling off isn’t done with caution, is a recession. Keep reading to learn all you need to know about inflation, deflation, and recession.
The post Inflation, Deflation, And Recession Explained originally appeared at Millennial Money.