Atmanirbhar Foundation Course 2024: Inflation Definition Quiz

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What is the range of inflation for walking inflation?

5-15%

1-5%

10-20%

2-10% (correct)

What is the characteristic range for running inflation?

5-15%

15-25%

20-30%

10-20% (correct)

What is the threshold range for galloping inflation?

15-30%

20-40%

30-50%

20-1000% (correct)

What does cost-push inflation result from?

General increases in production costs Signup and view all the answers

What causes built-in inflation?

Expectation of future inflations Signup and view all the answers

Which of the following best defines inflation?

A persistent rise in the general price of goods and services Signup and view all the answers

How does inflation affect the value of money?

Inflation leads to a decline in the value of money Signup and view all the answers

Which scenario best describes creeping inflation?

A steady increase in prices from 1-4% over time Signup and view all the answers

What is the primary cause of inflation according to the given text?

Rise in the price level due to excess demand Signup and view all the answers

What does inflation indicate about the purchasing power of a nation's currency?

A decline in purchasing power Signup and view all the answers

Atmanirbhar Foundation Course 2024: Inflation Definition Quiz

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Questions and Answers

What is the range of inflation for walking inflation?

What is the characteristic range for running inflation?

What is the threshold range for galloping inflation?

What does cost-push inflation result from?

What causes built-in inflation?

Which of the following best defines inflation?

How does inflation affect the value of money?

Which scenario best describes creeping inflation?

What is the primary cause of inflation according to the given text?

What does inflation indicate about the purchasing power of a nation's currency?

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