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Q.

Which of the following is true for Inflation?

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a

None of the above

b

 The value of money increases during Inflation

c

 The value of money decreases during Inflation

d

 The value of money stays the same during Inflation

answer is B.

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Detailed Solution

Due to inflation the value of money decreases, which means too much money chases too few goods.

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Which of the following is true for Inflation?