6. The decision taken by the panel is IRREVOCABLE.
7. Death is INEVITABLE for Man
8. The lawyer's argument of the case was EXHAUSTIVE
9. It is ABSURD to suggest that Tunde should marry that saucy lady.
10. The journalist refused to DIVULGE the source of his information.
11. The Post -war generation were born in an era of SCARCITY but grew up in a period of ____
12. His OUTSPOKENNESS contrasts with the ------- of the father
13. Our MECHANIZED service contrasts sharply with ------ operations we had before.
14. Personally, I GIVE IN rather easily when it comes to arguments, but Emeka Will always ------ to his opinions.
15. After Ade had listened to some advice, his RIGID ideas became more ------
16. People living in village have a passion ------ animals
17. Momodu has been ill -------- three weeks now
18. The last election resulted -------a disaster for the party.
19. ----- the court orders,he went ahead to build on that land .
20. He almost went ------ with the crime
Inflation is the rise in general level of prices of goods and services in an economy over a period of time. When the general price level rises,each unit of currency buys fewer goods and services. Consequently, there is an erosion in the purchasing power of money - a loss of real value of the currency within the country. Inflation effect on an economy are various and can be simultaneously positive and negative . Negative effect of inflation include increased risk in saving, uncertainty over the future which may discourage investment and savings,and,if inflation is rapid enough, shortages of goods as consumers begin hoarding, out of concern that price will increase in the future. Positive effects include ensuring that central Banks can adjust real interest rate ( intending to reduce the harmful effects of recessions)and encouraging investment in non-mometary capital projects. Some of the nagetive effect of inflation could have serious impact not only on the economy but also on the social welfare of society at large. High inflation can prompt employees to demand rapid wage or salary increases, to keep up with consumer prices. Rising wages in turn can help fuel inflation. In other words, inflation causes further inflationary expectation, which causes further inflation. This is called cost-push inflation in economics. moreover inflation can encourage hoarding(storing goods away for future sale). In this situation, people buy durable and/or non-perishable commodities and other goods to store them in the house in order to avoid losses expected from the declining purchasing power of money, which in turn creates shortages of the hoarded goods. Inflation can lead to social unrest, public demonstrations and revolutions. For example, inflation,and in particular food inflation, is considered one of the main reasons that caused the 2010-2011 Tunisia revolutions and the Egyptian revolutions . Tunisia president zine El Abidine Ben Ali was ousted, Egyptian president Hosni Mubarak was also ousted after eighteen days of demonstrations and protests which eventually spread to many countries of North Africa and Middle East.
