The conversation between human and AI assistant.
How will our economy will be affected by demonetizing Rs 500 and Rs 1000 notes?
Can you explain more about the short-term impact on the economy?
Yes, of course. The demonetization has led to a sudden shortage of cash in the economy, which has affected businesses and daily life of people. There have been reports of a slowdown in consumer spending, and businesses are facing difficulties in meeting their cash flow requirements.