Inflation:
A) always reduces the cost of living
B) always reduces the standard of living
C) reduces the price of products
D) reduces the purchasing power of a rupee
Correct Answer:
Verified
Q12: When MPS = 0.2, MPC will be
A)0.8
B)0.2
C)1.2
D)20
Q13: In the linear consumption function C =
Q14: In the equation C = 60 +
Q15: Keynes assumed the presence of --------- economy
Q16: Demand-pull inflation may be caused by:
A)an increase
Q18: An increase in injections into the economy
Q19: According to the Phillips curve, unemployment will
Q20: What is the cause of inflation?
A)if money
Q21: What does the inflation imply?
A)rise in budget
Q22: How the inflation can be checked temporarily?
A)increase
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