A) Deflation
B) inflation
C) Stagflation
D) hyper inflation
Correct Answer: B
Solution :
Inflation and economic growth are parallel lines and can never meet. In reality, low inflation rate and an upward economic growth is never possible. Nevertheless, low inflation rate means slow economic growth. Whenever, money is in excess, there is bidding by the consumers due to which the cost of goods escalate.You need to login to perform this action.
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