Question: Write down at least five different costs of inflation. Do the costs of inflation depend on whether inflation is anticipated or not? Does inflation hurt

Write down at least five different costs of inflation. Do the costs of inflation depend on whether inflation is anticipated or not?

Does inflation hurt all economic agents equally?

What about hyperinflation?

What about deflation, is it desirable?

What is the level of the RBA's inflation target and why

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Answer Loss of Purchasing Power Inflation erodes the purchasing power of money over time causing individuals and households to afford fewer goods and services with the same amount of money Uncertainty ... View full answer

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