SSC Economics Sample Paper NCERT Sample Paper-2

  • question_answer
    Which one of the following inflations is the type of inflation that results from past events and persists in the present?

    A) Hyperinflation

    B)        Sogflation

    C) Built-in inflation

    D) Biflation

    Correct Answer: C

    Solution :

    The built-in inflation originates from either persistent demand-pull or large cost-push (supply-shock) inflation in the past. It then becomes a "normal" aspect of the economy, via inflationary expectations and the price/wage spiral.

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