a) Define inflation and state THREE types of inflation based on the rate of price increase. (6 marks)
b) Explain FOUR causes of demand-pull inflation in an economy. (8 marks)
c) State ONE negative effect of inflation on a fixed-income earner. (1 mark)

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a) Define inflation and state THREE types of inflation based on the rate of price increase. (6 marks) b) Explain FOUR causes of demand-pull inflation in an economy. (8 marks) c) State ONE negative effect of inflation on a fixed-income earner. (1 mark)

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