1
You visited us
1
times! Enjoying our articles?
Unlock Full Access!
Byju's Answer
Standard IX
Economics
Inflation and Monetary Policies
What is an in...
Question
What is an increase in the general price level in an economy called?
A
Expansion
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Overpricing
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Inflation
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
D
Deflation
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution
The correct option is
C
Inflation
.
Suggest Corrections
0
Similar questions
Q.
Inflation is the general increase in the price levels of goods and services in an economy
Q.
Inflation is the general increase in the price levels of baskets of goods and services in an economy
Q.
The general price level in an economy decreases during deflation.
Q.
Given the money wages,if the price level in an economy increases, then the real wages will _________.
Q.
What is the relationship between the value of money and the price level in an economy?
View More
Join BYJU'S Learning Program
Grade/Exam
1st Grade
2nd Grade
3rd Grade
4th Grade
5th Grade
6th grade
7th grade
8th Grade
9th Grade
10th Grade
11th Grade
12th Grade
Submit
Related Videos
Adaptive Q14
ECONOMICS
Watch in App
Explore more
Inflation and Monetary Policies
Standard IX Economics
Join BYJU'S Learning Program
Grade/Exam
1st Grade
2nd Grade
3rd Grade
4th Grade
5th Grade
6th grade
7th grade
8th Grade
9th Grade
10th Grade
11th Grade
12th Grade
Submit
AI Tutor
Textbooks
Question Papers
Install app