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31 March, 06:30

What are the effects of rapid inflation? Check all that apply.

-Interest rates increase.

-Banks loan more money.

-Unemployment declines.

-Consumers spend less.

-Production declines.

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Answers (2)
  1. 31 March, 06:43
    0
    Consumers spend less

    Production declines

    There are income redistributions, fall in the real incomes, decrease in interest rates, increase in borrowing cost, a rise in wage inflation, uncertainty in business and increase in business competitiveness.
  2. 31 March, 06:54
    0
    Interest rates increase

    consumers spend less

    production declines

    is correct for edgenuity
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