Question
‘Galloping Inflation’ is also known as
Answer: Option A
Answer: (a)
When prices rise between 20% to 100% per annum or even more, it is called galloping or hyperinflation. Such a situation brings a total collapse of the monetary system because of the continuous fall in the purchasing power of money.
Galloping inflation has an adverse effect on middle and low-income groups in society.
Was this answer helpful ?
Answer: (a)
When prices rise between 20% to 100% per annum or even more, it is called galloping or hyperinflation. Such a situation brings a total collapse of the monetary system because of the continuous fall in the purchasing power of money.
Galloping inflation has an adverse effect on middle and low-income groups in society.
Was this answer helpful ?
More Questions on This Topic :
Latest Videos
Latest Test Papers
Submit Solution