Why is an economic depression bad for consumers even though prices are cheaper?

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Why is an economic depression bad for consumers even though prices are cheaper?

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Anonymous 0 Comments

Because $5 milk when you have a job is cheaper than $2 milk when you are unemployed and can’t find a job for 12 months.

The prices being cheaper isn’t bad, what’s bad is that in an economic depression a lot of people lose their jobs, which in turn drives down wages as people get more desperate.

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