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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


Team Careers360 15th Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

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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