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Demand pull inflation: Demand-pull inflation is the upward pressure on prices that follows a shortage in supply. Too much money chasing too few goods. When the aggregate demand in an economy strongly outweighs the aggregate supply, prices go up. This is the most common cause of inflation Suppressed inflation: It is a situation exists in which prices would rise -- if government regulations did not establish artificial limits on prices, wages, etc. Hyper inflation: Hyperinflation is a term to describe rapid, excessive, and out-of-control general price increases in an economy. Sporadic Inflation: When the prices of a few commodities in some areas rise, it is called as sporadic inflation.
A minimum wage is defined as:
During periods of inflation, tax rates should
A bicycle is classified as which type of good?
The long-term fiscal policy aims to maintain the stability of which of the following?
A pure Monopoly is when there is single _______.
Which of the following are the specialized wings under the NITI Aayog:
i. Research Wing
ii. Development Wing
iii. Team I...
What does the fiscal deficit in a government budget signify?
An increase in savings in an economy typically leads to which of the following?
Who is responsible for setting the Cash Reserve Ratio (CRR) in India?
What was the highest denomination currency note ever issued by the Reserve Bank of India (RBI)?
