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Economics › Inflation

Economics › Inflation

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A rise in general level of prices may be caused by
1. an increase in the money supply
2. a decrease in the aggregate level of output
3. an increase in the effective demand
Select the correct answer using the codes given below.

Options

(a)

1 only

(b)

1 and 2 only

(c)

2 and 3 only

(d)

1, 2 and 3

Answer

(D)