ECONOMICS
INFLATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Creeping inflation
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Walking inflation
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Galloping inflation
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Hyperinflation
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Detailed explanation-1: -Based on speed, there are 4 different types of inflation – hyperinflation, galloping, walking, and creeping. When the inflation is 50% a month, then it leads to hyperinflation.
Detailed explanation-2: -Inflation is sometimes classified into three types: demand-pull inflation, cost-push inflation, and built-in inflation.
Detailed explanation-3: -Economists distinguish between two types of inflation: Demand-Pull Inflation and Cost-Push Inflation. Both types of inflation cause an increase in the overall price level within an economy.
Detailed explanation-4: -Inflation in the double or triple digit range of 20, 100 or 200 percent a year is called galloping inflation . Many Latin American countries such as Argentina, Brazil had inflation rates of 50 to 700 percent per year in the 1970s and 1980s. Hyperinflation: It is a stage of very high rate of inflation.
Detailed explanation-5: -Demand Pull. Cost-Push. Open. Repressed. Hyperinflation. Creeping. Moderate. True. More items