Question : Which of the following is a consequence of an inflationary price rise?
Option 1: Obstacle in development
Option 2: Increase in economic inequalities
Option 3: Adverse effect on the balance payment
Option 4: All of these
Correct Answer: All of these
Solution : The correct answer is all of these .
All three outcomes are related to an increase in inflationary prices. Inflation that is both high and variable can hinder economic progress. It causes uncertainty, decreases consumer's and enterprise's purchasing power and can disrupt economic planning and investment.
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