Topic: Price and Output- Inflation and the Gross National Product (GNP)

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EIB – APR 2024 – L1 – Q4 – Inflation and Unemployment

Explains cost-push inflation, differentiates inflation types, inflation's lender impact, describes unemployment types.

Question

(a) Explain the term Cost-Push Inflation. [4 marks]

(b) Clearly differentiate between Galloping inflation and Hyperinflation. [4 marks]

(c) From the perspective of the Lender, explain how Inflation affects bank loans. [4 marks]

(d) Describe four (4) major types of Unemployment. [8 marks]

(Total: 20 marks)

Answer

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Find Related Questions by Tags, levels, etc.

Tags: Cost-Push Inflation, Galloping vs Hyperinflation, Inflation on Loans, Types of Unemployment
Level: Level 1

Topic: Price and Output- Inflation and the Gross National Product (GNP)
Series: APR 2024

EIB – APR 2024 – L1 – Q4 – Inflation and Unemployment

Explains cost-push inflation, differentiates inflation types, inflation's lender impact, describes unemployment types.

Question

(a) Explain the term Cost-Push Inflation. [4 marks]

(b) Clearly differentiate between Galloping inflation and Hyperinflation. [4 marks]

(c) From the perspective of the Lender, explain how Inflation affects bank loans. [4 marks]

(d) Describe four (4) major types of Unemployment. [8 marks]

(Total: 20 marks)

Answer

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Tags: Cost-Push Inflation, Galloping vs Hyperinflation, Inflation on Loans, Types of Unemployment
Level: Level 1

Topic: Price and Output- Inflation and the Gross National Product (GNP)
Series: APR 2024

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