ECONOMICS
BUSINESS CYCLES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Where would you most likely find the highest rates of inflation
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Depression
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Recession
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Peak
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Recovery
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Explanation:
Detailed explanation-1: -Double-Digit Inflation in 2022 Some are even facing triple-digit inflation rates. Globally, Zimbabwe, Lebanon, and Venezuela have the highest rates in the world.
Detailed explanation-2: -In 2022 in the wake of the COVID-19 pandemic, inflation reached 8.5%, its highest rate since 1982.
Detailed explanation-3: -Average Inflation Rate in India In 2022, CPI hit the highest of 7.79% in Apr, and WPI reached 15.88% in May. Compared to inflation in Jan. 2020, CPI is down 1.09%, whereas WPI is up 1.72%.
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