Increase in the price level at a rate greater than expected ?
Correct answer: A. Unanticipated
- A. Unanticipated
- B. Deflation
- C. Stagflation
- D. Dearness
Explanation
Inflation above the rate people expected is called unanticipated inflation, which can unexpectedly redistribute income between borrowers and lenders. Deflation means falling prices, while stagflation combines inflation with stagnant output or employment.
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