Academic Writing
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An 8-10 page paper, 8 is fine.
Issue at Hand; this option explores the reasons for deflation. This is a new phenomenon experienced most notably in Japan. It may be characterized by falling prices and low interest rates, stagnant levels of investment. This one will not relate to a period of history in the US, but has been discussed of late. Research may include a compare and contrast with Japan.
Answer or considerations; “What were the seeds that were sown that caused the decline in price levels?” These seeds could be cultural, societal, political or certainly economic.
Theory/Definition; Consider the monetary theory. Define deflation. What is the impact of deflation on the behavior of the economy?
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