Which of the following statements accurately describe the effects of unanticipated inflation? Select all that apply.

Unanticipated inflation occurs when the general price level of goods and services rises unexpectedly, affecting people and the economy in various ways. One major effect is that it erodes the purchasing power of money, meaning that people can buy less with the same amount of money than they could before. For example, if you had $100 and prices increase unexpectedly, you might find that you can only buy what $90 could have bought earlier. Additionally, unanticipated inflation can hurt savers because the value of their savings decreases over time, while borrowers may benefit because they pay back loans with money that is worth less. Overall, unanticipated inflation creates uncertainty in the economy, making it difficult for both consumers and businesses to plan for the future.