What could be a real world example that explains the difference between creeping inflation, galloping inflation, and hyperinflation

Why is there no upward or downward pressure on the inflation rate when the economy is at full employment?

Explain what we can understand by expected inflation, inflation due to an increase in aggregate demand or inflation due to a decrease in aggregate supply.

Fully explain why unanticipated inflation can decrease the level of economic activity

What can be used to reduce aggregate demand and helps to control demand pull inflation?

Which one of the following will help to keep inflation down?       a central bank that supports more regulations for commercial banks   a central bank that is independent of Congress and the President   a central bank that is concerned about inequality   a central bank that is headed by a strong and influential chair

What unique factors in the 1970s era caused widespread inflation?

Which of the below statements IS NOT CORRECT about the term "inflation" or its effect,  as Charles Wheelan explains the term in this chapter? Group of answer choices   Massive inflation (or, hyperinflation) distorts the economy, as workers rush to spend their cash before it becomes worthless.    The most instructive way to think about inflation is not that prices are going up, but rather that the purchasing power of the dollar is going down.   Inflation redistributes wealth arbitrarily, as unexpected bouts of inflation are good for debtors and bad for lenders.    Inflation favors retired people with fixed incomes and increases the purchasing power of their income.

How is the Inflation-free interest rate an estimate of the true earning power of money?

what does this famous quote from Hayek mean, "I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments."