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Change in amount money available relative to goods/services available causes inflation/deflation Money and credit can both can be used to buy goods/services. R
by exHFguy1 8y ago
Change in amount money available relative to goods/services available causes inflation/deflation
Money and credit can both can be used to buy goods/services. Role of credit here is/was underestimated by economists.
In 2008, bunch of credit was destroyed. In response, central banks printed money, bought assets These things generally netted out.