What are the effects of rapid inflation? Check all that apply.

-Interest rates increase.

-Banks loan more money.

-Unemployment declines.

-Consumers spend less.

-Production declines.

Consumers spend less

Production declines

There are income redistributions, fall in the real incomes, decrease in interest rates, increase in borrowing cost, a rise in wage inflation, uncertainty in business and increase in business competitiveness.

Interest rates increase

consumers spend less

production declines

is correct for edgenuity