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Question : Inflation is a situation characterised by

Option 1: too much money chasing too few goods

Option 2: too few money chasing too many goods

Option 3: too many people chasing too few goods

Option 4: too many people chasing too little money


Team Careers360 23rd Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: too much money chasing too few goods


Solution : The correct option is too much money chasing too few goods .

Two features of inflation are a sharp increase in prices and a decrease in the purchasing power of a currency. It may occur if there is a shortage of products and services and an excess of money in circulation, which would drive up prices elsewhere.

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