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प्रश्न
Identify the incorrect statement from the following:
पर्याय
Inflation is a state in which value of money is falling.
Higher the price level, the lower is the power of money to purchase.
Inflation is always associated with a persistent rise in the prices.
None of these
MCQ
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उत्तर
None of these
Explanation:
- Inflation is a condition characterised by a decline in money's value, which reduces purchasing power as prices rise.
- This theory is also valid, as increasing prices decrease money's purchasing power, allowing you to buy less for the same amount of money.
- Inflation is often associated with a steady price rise; however, the rate and amount may vary.
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