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Monetary Policy - Inflation - Costs
Introduction
Inflation affects different groups differently. Think for a minute about how inflation affects you - what difference does it make? Why does it matter? Then try to think how you would be affected if you were running a firm. In this section you can explore all the different costs, see who they affect and find out more about the different theories surrounding it.
- Explanation - a good starting point for finding out about the different possible costs of inflation. A simple overall guide.
- Theories - more detail on all the theories about the costs of inflation. Anticipated and unanticipated inflation and the differing costs in each case.
- Worksheets - some worksheets to help you test your understanding of the costs of inflation.
- Further work - some further detail on the costs of inflation and some suggestions for additional study.
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