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    Economic Med School

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    Mr. Graham Long
    The document discusses the symptoms of an economic death spiral, where an economy experiences sustained deflation leading to businesses making less money and decreasing wages or laying off workers, which increases unemployment. This causes people to have less money to spend, so they buy less stuff and GDP decreases. Companies are forced to lower prices further to try to increase sales, repeating the cycle and worsening the economic conditions if not addressed.

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    Download as PDF, TXT or read online from Scribd

    Economic Med School

    Uploaded by

    Mr. Graham Long
    27 views1 page
    The document discusses the symptoms of an economic death spiral, where an economy experiences sustained deflation leading to businesses making less money and decreasing wages or laying off workers, which increases unemployment. This causes people to have less money to spend, so they buy less stuff and GDP decreases. Companies are forced to lower prices further to try to increase sales, repeating the cycle and worsening the economic conditions if not addressed.

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    The document discusses the symptoms of an economic death spiral, where an economy experiences sustained deflation leading to businesses making less money and decreasing wages or laying off workers, which increases unemployment. This causes people to have less money to spend, so they buy less stuff and GDP decreases. Companies are forced to lower prices further to try to increase sales, repeating the cycle and worsening the economic conditions if not addressed.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    27 views1 page

    Economic Med School

    Uploaded by

    Mr. Graham Long
    The document discusses the symptoms of an economic death spiral, where an economy experiences sustained deflation leading to businesses making less money and decreasing wages or laying off workers, which increases unemployment. This causes people to have less money to spend, so they buy less stuff and GDP decreases. Companies are forced to lower prices further to try to increase sales, repeating the cycle and worsening the economic conditions if not addressed.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    ECONOMIC MEDICAL SCHOOL

    Inflation Gross Domestic Product

    Deflation Unemployment

    __________________________________________________________________________________________________________________
    ECONOMIC DEATH SPIRAL: All Economic Doctors MUST Know the Symptoms!

    An economy experiences a sustained drop in prices (_____________) Are businesses making more or less money?

    _____ What do they do to their workforce? _____________ What increases? ____________

    Do people have more or less money? _________ Do they buy more or less stuff? _______ Does GDP

    increase or decrease? _________ Companies do what to prices to get people to buy? __________

    Go back to step one and repeat. This condition leads to severe disaster is not treated early. Be on alert!

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