ECONOMICS
INFLATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -Running inflation is a condition in an economy where the prices of goods and services increase by 10 per cent to 20 percent every year.
Detailed explanation-2: -The correct answer Running. A sudden acceleration in the rate of rising prices is referred to as Running Inflation. When prices rise by more than 10% per annum, running inflation occurs.
Detailed explanation-3: -2] Walking Inflation In this case, the inflation rate falls between 3% to 10%. Such inflation can be harmful to the economy. The economic growth of the country is too accelerated to sustain. Consumers start stocking goods fearing the prices will rise further.
Detailed explanation-4: -Hyperinflation is a term to describe rapid, excessive, and out-of-control general price increases in an economy.