Statement (1): Inflation erodes purchasing power of money. Statem… - Vidyadip

MCQ

Statement (1): Inflation erodes purchasing power of money.
Statement (2): Inflation disproportionately impacts lower-income consumers.

✓
Both statements are true
B
Both statements are false
C
Statement 1 is true but Statement 2 is false.
D
Statement 2 is true but Statement 1 is false.

✓

Answer

Correct option: A.

Both statements are true

A

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