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Social Studies
Sabrina Leach
8 November, 19:00
Why is high inflation a bad thing?
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Brogan
8 November, 19:09
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because High inflation puts pressure on a government to increase the value of the state pension and unemployment benefits and other welfare payments as the cost of living climbs higher.
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Dean Kidd
8 November, 19:22
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Answer: High inflation means prices are raised. Because businesses are forced to raise prices, banks raise interest rates to maintain a good profit margin. Higher rated results in marginal businesses failing. This increases unemployment and affects the entire economy system as a whole.
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