XXI. Work in pairs. Student A asks questions, student B answers them

1. How can inflation be defined?

2. What is hyperinflation?

3. What happens under conditions of hyperinflation?

4. What is the only possible course of action when money becomes unacceptable as a medium of exchange?

5. What is suppressed inflation?

6. How can you characterize creeping inflation?

7. How are the causes of inflation usually classified?

8. How may demand inflation be defined?

9. What is demand inflation usually associated with?

10. When may a situation of excess demand arise?

XXII. Imagine you are a lecturer delivering lecture on inflation. Prepare not long and clear report on the topic for the first year students of school of economics

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