Atmanirbhar Foundation Course 2024: Inflation Definition Quiz
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Questions and Answers

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?

    <p>General increases in production costs</p> Signup and view all the answers

    What causes built-in inflation?

    <p>Expectation of future inflations</p> Signup and view all the answers

    Which of the following best defines inflation?

    <p>A persistent rise in the general price of goods and services</p> Signup and view all the answers

    How does inflation affect the value of money?

    <p>Inflation leads to a decline in the value of money</p> Signup and view all the answers

    Which scenario best describes creeping inflation?

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

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

    <p>Rise in the price level due to excess demand</p> Signup and view all the answers

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

    <p>A decline in purchasing power</p> Signup and view all the answers

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