Faculty \u2013 Economics
General price level
Sustained increase over time
Inflation is measured for a basket of goods and
prices \u2013 single digit inflation rate
Galloping inflation \u2013 double or triple digit rate
Hyperinflation \u2013 large and accelerating prices
Distribution of income and wealth
The rich get richer and poor get poorer
Loss to fixed income earners
Gains to profit earners
Gains to the debtors
Loss to the creditor
Loss to wage earners
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