What Is Inflation?

Business doing well leads to inflation, because they have to buy stuff and hire people. When prices go up too much, like we've seen over the last couple o years, a, when we get too high inflation, the government gets concerned. The federal reserve can raise interest rates to slow down inflation. But by raising interest rates, the fed kind of encourages people to stop spending and start saving. And then when things slow down, now the business is they've hired all these people. They have all this debt that they used to grow. And now business is getting trouble. That's the recession. Now back to your question: Where are we? Technically, we had a majorcession

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