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Question

Q. With reference to the concepts of inflation which of the following statements is/are correct?

Select the correct answer using the code given below:

A

1 only
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B

2 only
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C

Both 1 and 2
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D

Neither 1 nor 2
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Solution

The correct option is D
Neither 1 nor 2
Explanation:

Statement 1 is incorrect: Deflation is the negative growth in the inflation rate.

Statement 2 is incorrect: Disinflation is the rate change of inflation is slower or not proportional.

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