Question

    Which is of the following will be the result of high

    inflation for a longer period of time?
    A Erosion of purchasing power of the currency Correct Answer Incorrect Answer
    B Rise in the cost of borrowing Correct Answer Incorrect Answer
    C Increase the income inequalities Correct Answer Incorrect Answer
    D Fall in real income Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    The correct answer is E

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