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The Concept Of Inflation

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The Concept Of Inflation

    • Posted by Faisal Akthar 5 years, 7 months ago

    CBSE > Class 12 > Economics
    • 2 answers

    Gursimran Saini 5 years, 7 months ago

    Inflation refers to a situation when there is excess demand over supply or AD > AS or there is rise in price due to excess of AD How inflation happens :- Increase in govt expenditure Decrease in bank rate Steps to control inflation:- reduce govt expenditure Increase in bank rate

    0Thank You

    Ařțhîä.. Čřìśtaín ?? 5 years, 7 months ago

    Inflation is a situation of rising prices in the economy . A more exact definition of inflation is sustained increases in the general price level in an economy

    0Thank You

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