wiz-icon
MyQuestionIcon
MyQuestionIcon
8
You visited us 8 times! Enjoying our articles? Unlock Full Access!
Question

_______ is a persistent and appreciable rise in general price level.

A
Deflation
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Inflation
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
Stagnation
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Recession
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is D Inflation

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 which is a result of either an increase in the supply of money that increases purchasing power in the economy or some decrease in production of real output in the economy.


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Inequality and Externality
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon