Let The $Dough Rise 🥖 Inflation reflects the broad rise of ..
Added 2021-11-26 19:28:08 +0000 UTCLet The $Dough Rise 🥖 Inflation reflects the broad rise of prices, or the fall in the value of money. Okay, so why does it matter? Let’s pretend there’s a bakery shop. 🧁 Due to inflation the bread prices go up, which causes prices to go up for the staff and customers. The staff complains to the baker that they need a raise, the baker increases their wages, but then prices go up even more because everyone has purchase power. It’s also is an issue with production. For example, there isn’t enough wheat to make the bread, but the wheat demand is increasing, causing prices to increase due to the bakery’s increasing need. What can be done to help decrease inflation? For one the government can raise interest rates. This is important so businesses and individuals will decrease their spending (No more muffins!)😉
