Distinguish Between Creeping Inflation and Running Inflation. - Economics
Distinguish between creeping inflation and running inflation.
Creeping inflation is inflation where the price level increases at a very slow rate of 2 percent to 2.5 percent per annum.
Running inflation is inflation where the general price level increases a bit faster and the rate of growth of the price level is about 10% per annum.
Concept: Concept for Demand and Supply
Is there an error in this question or solution?
why create a profile on Shaalaa.com?
1. Inform you about time table of exam.
2. Inform you about new question papers.
3. New video tutorials information.