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A sustained rise in the general price le...

A sustained rise in the general price level in an economy is called ___________.

A

Disinflation

B

Deflation

C

Inflation

D

Stagflation

Text Solution

Verified by Experts

The correct Answer is:
C
Inflation :- Inflation refers to the state when the price of the goods and services is kept on increasing. When the general price level rises, each unit of currency will buy fewer goods and services, finally decreasing the purchasing power of the currency.
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PINNACLE-ECONOMICS-MCQ (NATIONAL INCOME, IFLATION, BUDGET, TAXATION AND GDP)
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  2. If there is a lack of money supply in comparison to the supply of good...

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  3. A sustained rise in the general price level in an economy is called .

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  4. A occurs when a government’s total expenditures exceed the revenue th...

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  5. A situation where the expenditure of the government exceeds its revenu...

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  6. A substantial increase in capital expenditure or revenue deficit leads...

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  7. When the deficit is high, what happens to prices?

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  8. What is the economic impact of increase in productivity of firms?

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  9. What is the full form of GSTIN in relation to GST?

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  10. In which year was the Central Board of Revenue Act in India promulgate...

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  11. Name the Nobel Prize winning American economist whose report to the US...

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  12. Which one of the following brings out an annual publication titled 'Na...

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  13. is the final value of all the finished goods and services produced wit...

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  14. Which of the following are the major state taxes in India?

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  15. How many members are there in the GST Council?

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  16. What is the meaning of Fiscal Deficit ?

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  17. Fiscal Policy is formulated by in India.

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  18. GST council is headed by :

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  19. GST is NOT applicable on which of the following goods or services?

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  20. What is the National Gross Domestic Product(GDP)?

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