Inflation is the general increase in the price levels of baskets of goods and services in an economy

True

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

False

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A True

Suggest Corrections

Similar questions

During inflation, the increase in the prices of goods and services decreases the value of

(I) Deflation is a decrease in the general price level of goods and services. It occurs when the inflation rate falls below 0%.

(II) Disinflation is the same phenomenon as deflation.

Join BYJU'S Learning Program