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Outline one circumstance under which each of the following types of inflation may occur: (i) Creeping inflation (ii) Hyperinflation

      

Outline one circumstance under which each of the following types of inflation may occur:
(i) Creeping inflation
(ii) Hyperinflation

  

Answers


Davis
(a) When the general price levels rise gradually/ single digit over a period of time
usually at single digit.
(b) Where the value of money tends to be stable over time the effects; on the economy
is not severe
Githiari answered the question on September 23, 2017 at 10:28


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