Advertisements
Advertisements
Question
When the general price level increases by 10% to 20% per annum, then it will be called:
Options
Hyper inflation
Running inflation
Walking inflation
Creeping inflation
Solution
Running inflation
Explanation:
Running inflation happens when the general price level rises by 10% to 20% annually. It is faster than walking inflation, but less severe than hyperinflation.
APPEARS IN
RELATED QUESTIONS
'A state of running or hyperinflation in any economy is very harmful for production'. Justify the statement with two reasons.
What is the meaning of creeping inflation?
______ refers to a situation where prices rises very slowly.
______ inflation occurs when prices rise at a very fast rate from more than 20% to 100 percent or more per annum.
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?
When the general price level increases by 10% to 20% per annum, then it will be called:
