Which of these refers to the uncontrollable and sharp increase in the rate of inflation? a. cost push inflation b. hyperinflation c. stagflation d. deflation

Unanticipated inflation Unanticipated inflation penalises:       A.  those earning incomes that are taxed in nominal terms     B.  those who hold cash     C.  those who lend money at a fixed interest rate     D.  those earning incomes that are taxed in nominal terms, those who hold cash and those who lend money at a fixed interest rate

Which of the following economic changes are consistent with cost-push inflation? (More than one may apply)   A. An increase in the price level   B. A sudden and sharp decline in the quantity of money issued by the central bank   C. Rising unemployment

2. Who in an economy is the big winner from inflation? Explain.