What problems does deflation pose for the macroeconomy


Problem

What is deflation, and what problems does deflation pose for the macroeconomy? How does deflation interact with the zero lower bound for nominal interest rates?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: What problems does deflation pose for the macroeconomy
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