When inflation goes up, what do people tend to do

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Social Studies

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11 July, 22:40

When inflation goes up, what do people tend to do

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Mercedes Pope · Answer 1

When inflation goes up, the spending power of the people decreases. Actually the income of the people remains the same and the product price tend to increase and the people have less money in their hands. This means the people will have less spending power and so they will try and curtail their spending as much as they can.