The persistent increases in the general level of prices is known as:

Related MCQs

• A commodity for which demand increases at higher prices and falls at lower prices is termed as:
• A sustained reduction in the general level of prices is called:
• A very high rise in National Income at current market prices and a low rise at constant prices reveals -
• The system of agricultural support by which market prices are fixed at above free market levels and government buys surpluses, thus supporting prices and raising farmer’s income is called:
• Thomas Robert Malthus (1766 – 1834) was a British economist who is remembered for his essays on population. In his which famous work he said, “Population, when unchecked, increases in a geometrical ratio. Subsistence only increases in an arithmetical ratio.”?
• Given the money wages, if the price level in an economy increases, then the real wages will -
• If the tax rate increases with the higher level of income, it shall be called -
• seller or buyer protects his business or holdings from changing prices and takes action against it. It is known as -
• The prices that are set by government rather than by negotiation between a seller and a buyer are known as
• The first director general of General Agreement on Tariffs and Trade from 1948-68 was