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Explain the Following: Creeping Inflation - ICSE Class 10 - Economics

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Questions

Explain the following: Creeping inflation

Define creeping inflation.

Solution

Creeping inflation is inflation where the price level increases at a very slow rate of 2 to 2.5 percent per annum.

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APPEARS IN

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Solution Explain the Following: Creeping Inflation Concept: Concept for Demand and Supply.
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