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>> No.50017938 [View]
File: 12 KB, 773x581, The-modified-Phillips-curve.png [View same] [iqdb] [saucenao] [google]
50017938

>>50017841
The fact that it happened regularly doesn't mean that it was good by any means. Look at the Philips curve for example.

>>50017849
I agree to some extent, weak businesses getting eliminated can be good overall for efficiency. Constant deflation would hurt the economy more than it helps it though.

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