What are the effects of rapid inflation? Check all that apply.Interest rates increase.Banks loan more money.Unemployment declines.Uncertainty increases.Real income declines.

Rapid inflation often leads lenders to raise interest rates to compensate for the loss of purchasing power. It also makes future prices and costs harder to predict, increasing uncertainty. If wages do not rise as quickly as prices, real income—the amount of goods and services income can buy—declines.

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