1i. Describe TWO (2) types of inflation.  1ii. Assess TWO (2) ways in which inflation may have an impact on an economy.

7 Find and describe an inflation contemporary issue of supply and demand into three paragraphs with empirical facts including proper sources and citations related to macroeconomics as well as interesting.

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

4)  Why might it be expected that an increase in interest rates will tend to reduce inflation?

High inflation rates are considered detrimental to a country's economy. Please describe and discuss the 2 major reasons that may induce a particular product seller to raise its product price. Please discuss and describe how high inflation levels may affect negatively participants in the 2 major groups of economic decision-makers.

Question 40 Deflation a) is the same as disinflation; it means the rate of inflation has fallen. b) will make you better off if your nominal wages fall more slowly than prices. c) automatically implies that, on average, everyone is better off because prices have fallen. d) will make you better off if your nominal wages fall more rapidly than prices. e) will make you better off if your real wages fall more rapidly than prices.

Question 3.B              Explain the differences between creeping inflation and walking inflation?

1. Describe the society having higher inflation.

3 Price stability is: The goal of maintaining fair prices for consumers by keeping markets competitive. The goal of maintaining a low and stable inflation rate of 0% per year. The goal of maintaining a high standard of living for a nation's workers by keeping prices low. The goal of maintaining a low and stable price of essential goods such as gas and food. The goal of maintaining a low and stable inflation rate of about 2% per year. Q A Moving to the next question prevents changes to this answer. 4 C % 5 JUL 19 ㅏ stv MacBook Pro 6 & 7 O □ A * 8

1. The index number representing the price level changes from 110 to 115 in 2019, and then from 115 to 120 in 2020. Since the index number increases by 5 this year, is five the inflation rate each year? Is the inflation rate the same each year?.   NOTE: Explain and support the answer with calculations.