Costs and effects of inflation
- Created by: Lottie
- Created on: 19-05-12 16:21
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- loose price competiveness in international markets
- leads to a fall in world exports & rise in import penetration
- wage-price spiral; prices rises can lead to higher wage demands as workers try to maintain their real standard of living- to maintain profit margins increase prices= could get out of control
- reduction in real value of savings
- …
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