Which of the following statement(s) is/are correct?
A. Only I
B. Only II
C. Both I and II
D. Neither I nor II
Answer:C
Which of the following statement(s) is/are correct?
A. Only I B. Only II C. Both I and II D. Neither I nor II
Explanation: A rise in the general level of prices; a sustained rise in the general level of prices; persistent increases in the general level of prices ; an increase in the general level of prices in an economy that is sustained over time; rising prices across the board —is inflation.