Unexpected Inflation

A situation in which the inflation rate is higher than economists, regulators or others anticipated. Unexpected inflation may occur when the currently held macroeconomic model does not adequately account for new circumstances. For example, in the 1970s, the United States experienced unexpected inflation when classical Keynesianism held that inflation was virtually impossible when GDP growth was sluggish; this turned out to be untrue. As with all inflation, unexpected inflation is good for borrowers, but detrimental to both lenders and persons who save. See also: Stagflation.

单词	unexpected inflation
释义	Unexpected Inflation Unexpected Inflation A situation in which the inflation rate is higher than economists, regulators or others anticipated. Unexpected inflation may occur when the currently held macroeconomic model does not adequately account for new circumstances. For example, in the 1970s, the United States experienced unexpected inflation when classical Keynesianism held that inflation was virtually impossible when GDP growth was sluggish; this turned out to be untrue. As with all inflation, unexpected inflation is good for borrowers, but detrimental to both lenders and persons who save. See also: Stagflation.
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