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प्रश्न
When the general price level increases by 10% to 20% per annum, then it will be called:
उत्तर
- When the general price level increases by 10% to 20% per annum, it is called running inflation.
- Running inflation is defined as a relatively quick price increase, which can impact purchasing power and economic stability but is less severe than hyperinflation.
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संबंधित प्रश्न
'A state of running or hyperinflation in any economy is very harmful for production'. Justify the statement with two reasons.
What is walking inflation?
______ refers to a situation where prices rises very slowly.
Match the following and select the correct option:
| Column A | Column B | ||
| (i) | Inflation caused by demand pull factors | A. | Hyper inflation |
| (ii) | Inflation caused by cost push factors | B. | Creeping inflation |
| (iii) | First stage of inflation | C. | Cost push inflation inflation |
| (iv) | Last stage of inflation | D. | Demand pull inflation |
Choose the correct answers to the questions from the given options.
Assertion (A): There has been a significant increase in global airfares post Russia - Ukraine war.
Reason (R): Higher fuel prices in the international market due to war.
Read the following statement carefully and choose the correct alternative given below:
Assertion (A): Value of money falls during inflation.
Reason (R): Government employees are compensated for inflation by raising their dearness allowance.
What is meant by running inflation?
What do you understand by hyper inflation?
A moderate dose of inflation to necessary for the development of an economy. Briefly explain.
Explain creeping inflation impact on the economy?
