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problem1)  ‘Inflation is impossible under gold standard’. State whether this statement is true, false or uncertain? Briefly describe your answer. 

problem2) ‘Cost-push inflation takes place as a result of worker’s attempts to push up their wages. Hence, inflation doesn’t have to be monetary phenomenon’. State whether this statement true, false or uncertain? Briefly describe your answer. 

problem3)  ‘Budget deficit which is only momentary can’t be a source of inflation’. State whether this statement true, false or uncertain?  Briefly describe your answer.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91801

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