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SSC Economics Sample Paper NCERT Sample Paper-7

  • question_answer
    If there is a lack of money supply in comparison to the supply of goods and services, then the possible consequence would be?

    A)  Inflation           

    B)  Deflation

    C)  Devaluation     

    D)  Hyperinflation

    Correct Answer: B

    Solution :

    [b] Deflation is a decrease in the general price level of goods and services. Deflation occurs when the inflation rate falls below 0% (a negative inflation rate).


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