Question:
Inflation implies
Inflation implies
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Inflation is about the definition using a price index, not about what causes prices to rise.
Updated On: Jul 14, 2026
- Rise in budget deficit
- Rise in general price index
- Rise in price of consumer goods
- Rise in money supply
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The Correct Option is B
Solution and Explanation
Inflation is DEFINED as a sustained rise in the general price index (economy-wide). Budget deficit and money supply are potential causes, not the definition; consumer goods price rise is too narrow (only part of the economy).
Final Answer: Rise in general price index, option (2).
Final Answer: Rise in general price index, option (2).
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