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Inflation- general sustained price rise of goods and services over a…
Inflation- general sustained price rise of goods and services over a period of time.
Government
Increased foreign debt
Increase in deficit of balance of payments
hyperinflation
Firms
Menu costs
Decline in competitiveness
Decreased exports
Less profit
Reduced borrowing from banks, reduced investment
Consumer
Decreased disposable income
Fall in real value of savings, discouraging saving
Decreased consumer confidence
Decreased demand
shoe leather costs
workers
Decreased Disposable income.
Fall in real value of savings
Increased wages