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Questions
Explain the following:
Creeping inflation
Define creeping inflation.
Solution 1
Creeping inflation is inflation where the price level increases at a very slow rate of 2 to 2.5 percent per annum.
Solution 2
It refers to inflation, in which prices rise very slowly. Such inflation is not bad for the economy. Some economists believe that a 3% increase in prices is creeping inflation.
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