The conversation between human and AI assistant.
Is this move of banning 500 & 1000 Rupee notes right?
How about the negative impacts on the economy?
The demonetization did lead to a temporary slowdown in the economy due to the decreased liquidity, but it was a short-term impact. The long-term effects of formalizing the economy and reducing the amount of unaccounted money in circulation could outweigh the initial effects.