1. What is aggregate demand and aggregate supply, and how do changes in their relative rates cause inflation?

2. How does demand-pull inflation differ from cost-push inflation?

1. How does inflation affect the purchasing power of money and who benefits from inflation?

2. What happens to lenders and borrowers when inflation is higher or lower than expected?

3. How does inflation reduce the real value of savings, and why is this particularly problematic for retirement savings?

4. Which groups are most harmed by inflation when prices rise but incomes do not?

5. How does uneven inflation across different goods and services affect resource allocation in the economy?

6. What are menu costs and why do businesses incur them during inflationary periods?

1. What is an inflationary spiral and how can it develop?

2. What policy tools can governments use to reduce inflation and aggregate demand?