Multiple Choice Questions on Which of the following situations contribute to cause the Inflation situation in an economy 1 Demand........... for General Knowledge ( All Exams) Preparation

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Multiple Choice Questions

Which of the following situations contribute to cause the Inflation situation in an economy 1 Demand...........

Economic and Social Issues Inflation Trends
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    Which of the following situations contribute to cause the Inflation situation in an economy?

    1.Demand-supply gap

    2.Excess circulation of money

    3.Increase in increase tax rates

     

    1 only

    Incorrect Answer

    1 and 2 only 

    Correct Answer

    2 and 3 only

    Incorrect Answer

    1 and 3 only

    Incorrect Answer
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    Explanation:

    The government can increase taxes (such as income tax and VAT) and cut spending. This improves the government’s budget situation and helps to reduce demand in the economy.

    By: Barka Mirza
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