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Question
Inflation means __________ rise in price.
Options
Continuous
Sustainable
No
High
Solution
Inflation means high rise in price.
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- What is meant by inflation? 2
- How is creeping inflation different from waling inflation? 2
- Explain the impact of inflation on: 3
- Wage earners and salaried class
- The investors
-
- What do you mean by division of labour? 2
- Explain any two advantages of division of labour. 3
- 'Labour as a factor of production differs from other factors of production.’ In this context explain any two features of labour. 2
What is the meaning of inflation?
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.
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.
