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Economics > Consequences Of Inflation > Flashcards

Consequences Of Inflation Flashcards

1
Q

Consequences of inflation (7)

A

Negative IR
Export prices
Wage-price spiral
Shoe leather costs: consumer time

Fall in real incomes
Menu costs
Inequality

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2
Q

Equation for real interest rate

A

Nominal IR - Inflation

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3
Q

Fiscal drag

A

Tax brackets are not adjusted for inflation causing real incomes to fall

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Economics (42 decks)

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