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प्रश्न
What is the meaning of inflation?
उत्तर
A substantial rise in price or rise in price at fast rates is called inflation. Another noteworthy point in this regard is that one time rise in the price level does not mean inflation. It is the persistent rise in the price level which is called inflation. Further, a rise in the price level for a short period of time, say 6 months or a year, is not regarded as inflation. It is only when the price increases continuously over a long period of time that it is treated as inflation.
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संबंधित प्रश्न
Define inflation.
Answer the following question in one or two sentences:
How does inflation affect moral values?
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.
The income of a person who carries the risk bearing function is called as ______.
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.
Identify the incorrect statement from the following:
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.
