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Question
Inflationary conditions may co-exist with which of the following situation?
Inflationary conditions may co-exist with which of the following situation?
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Solution
The correct option is D all the three
Inflation is an
economic situation where the general price level in the economy for all the
relevant goods has a constant appreciable rise over a considerable period of
time. Inflation can co-exist with increase in factor cost, increase in employment opportunities and growth in GDP and imports as these factors arises as a result of inflation in the economy.
Inflation is an economic situation where the general price level in the economy for all the relevant goods has a constant appreciable rise over a considerable period of time. Inflation can co-exist with increase in factor cost, increase in employment opportunities and growth in GDP and imports as these factors arises as a result of inflation in the economy.
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