| 单词 | unexpected inflation |
| 释义 | unexpected inflation inflation at a higher or lower rate than had been expected. If the expected rate of inflation has been taken into account in arriving at wage agreements and loan contracts, inflation higher than expected transfers real purchasing power from workers to employers or from lenders to borrowers; inflation lower than expected transfers real purchasing power from employers to workers or from borrowers to lenders. Unexpected inflation is believed to stimulate a temporary increase in real activity. It can be measured either via the use of a model of how expectations of inflation are formed, or by asking people what rate of inflation they expect and comparing this with the actual rate. |
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