Consequences of Inflation

Question 1

what are the consequences of inflation?

Answer 1

distribution effects
economic consequences
social and political consequences

Question 2

describe distribution effects?

Answer 2

uneven income distribution
young people gain
bracket creep

Question 3

describe economic consequences?

Answer 3

participants cause inflation spiral
decreases real money value of savings
production costs cause unemployment
negative BOPs

Question 4

describe social and political consequences?

Answer 4

increased cost of living

health problems and malnutrition