Ask Question
Social StudiesSocial Studies
17 January, 16:36

What is the difference between inflation and depression

+5
Answers (1)
  1. 17 January, 20:11
    0
    Although both are economic problems that could affect the economic development of a country, there are some important differences:

    • Inflation occurs when the price of services and good suffer a tremendous increase, reducing the power of the money, and therefore the people's purchasing power. Some examples include Argentina during the early 2000s or the current situation of Venezuela.

    • Depression is an economic recession that lasts several years, causing an irreparable damage to the economy. Some consequences of depression are the high rates of unemployment and the devaluation of local stocks, as well as local currencies.

    Such as the Great Depression during the 30s or the recent one of 2008
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What is the difference between inflation and depression ...” in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Which congressional chamber has the power to override a presidential veto? a. both chambers b. the House of Representatives c. the Senate d. neither, only the judicial branch can override a veto
Answers (2)
Why did francis bacon want the king to fund scientific research?
Answers (1)
Congressional powers include which of the following
Answers (1)
Professor Beenthere shared with his students the wonderful experience he had at a local Asian restaurant. He described the location in relation to campus and encouraged his students to give it a try. The professor's comments represent:
Answers (1)
Which of these ideas did you include in your response? Check all that apply. * Hitler's ideology in Mein Kampf * genocide and the Holocaust * anti-Semitic laws * no one thought Hitler would persecute Jews the- way that he did
Answers (2)
New Questions in Social Studies
What is meant by the term verstehen? a) to maintain a moral conscience b) to compare and contrast social facts c) to understand in a deep way d) to require proof of interpretation
Answers (1)
Advice south african youth on what social thinking skills and constructive thinking skills are
Answers (1)
In an experiment, a researcher is interested in whether mood affects memory. She attempts to manipulate people's mood with happy or sad music and then measures their performance.
Answers (1)
Which scenario is an example of a moral dilemma? A man finds a wallet and must decide whether to return it or use the money to pay for his wife's lifesaving surgery.
Answers (1)
You don't know very many people with blue hair, but you happen to observe that when fights break out, they seem to involve people with blue hair. you draw the conclusion that people with blue hair are particularly violent, even though they are not.
Answers (1)
Home » Social Studies » What is the difference between inflation and depression
Sign Up Forgot Password?