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.

Interest rates increase

consumers spend less

production declines

is correct for edgenuity

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.