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प्रश्न
What is galloping inflation?
उत्तर
Galloping inflation is a term used to describe when prices climb at double or triple digit rates from more than 20% to 100% per year or more. Because of the ongoing decline in the purchasing power of money, this predicament threatens to bring the monetary system to its knees.
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संबंधित प्रश्न
Explain its impact on the producers and salaried class.
Briefly explain three determinants of Cost-push inflation.
Can inflation lead to economic development? Give a reason for your answer.
What will happen to the value of money when price level rises? What is this phenomenon known as?
Observe the relationship of the first pair of words and complete the second pair.
During inflation the debtors gain and ______ lose.
With reference to the picture given below answer the questions that follow:
- Define the concept.
- Explain any three types of the concept.
Inflation means ______.
Identify the incorrect statement from the following:
Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below:
Assertion (A): Inflation is a continuous rise in the general price level.
Reason (R): Inflation increases standard of living.
Which of the following statements are true and which are false? Give reasons.
- Inflation refers to a persistent upward movement of the general price level.
- Inflation results in higher level of unemployment.
- Purchasing power of money falls when price level rises.
- Creditors gain during inflation.
- Creeping inflation is regarded essential for economic growth.
