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MONEY AND INFLATION — Economics STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsMONEY AND INFLATION2 Marks
Question
State the characteristics of inflation.
✓

Answer

1. Constant rise in price level.
2. Rise in prices in all sectors of the economy.
3. Purchasing power of money decreases.
4. Full employment state is reached, yet prices rise.

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