An indication that there is inflation in a country is tha...
An indication that there is inflation in a country is that
There is a decrease in the demand for goods and services
There are too many goods in circulation
The same amount of money buys lower quantity of goods
People prefer to lend than to borrow
Correct answer is C
An indication that there is inflation in a country is that the same amount of money buys lower quantity of goods. Inflation is a general increase in prices and a decrease in the purchasing value of money. This means that the same amount of money can buy fewer goods and services.
If commodities X and Y are substitute, their cross elasticity of demand will be ...
One way to solve the economic problem of inflation in a country is by increasing the ...
To compare the standard of living among nations, the most widely used economic indicator is the ...
Localization of industries refers to the ...
Which of the following are examples of transfer payments? ...
Which of the following is not a feature of economic underdevelopment? ...
An indicator of growth in an economy over a period of time is the ...