Select the major reasons for price rise in most of the developing economies from the statements give...........

Economic Affairs Public Finance and Debt Management

Select the major reasons for price rise in most of the developing economies from the statements given below:

1. They follow the policy of deficit financing together with the burden of carrying huge non-developmental expenditures

2. They often resort to printing of fresh currencies to meet their expenditures

3. Normally levels of aggregate production moves ahead of levels of aggregate demand in developing economies

Codes

Only 1

1 and 2

Only 3

1 and 3

3rd statement is incorrect i.e. Normally levels of aggregate production moves ahead of levels of aggregate demand in developing economies

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