To control inflation, the government can increase tax rates as it will decrease the people's purchasing power.

False

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True

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Solution

The correct option is B True

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Similar questions

Q10) The problems of high inflation is/are

i) It reduces the purchasing power of the people

ii) It increases the savings in a country

iii) Interest rates goes up

iv) Investments increases

Choose the correct answer

Q22. The problems of high inflation is/are

1. It reduces the purchasing power of the people

2. It increases the savings in a country

3. Interest rates go up

4. Investments increases

Choose the correct answer:

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