📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    Question

    Which of the following statements is/are correct?

    1.An increase in GDP can be a result of an increase in demand for goods and services, which can contribute to demand-pull inflation. 2.A decline in aggregate demand can lead to stagflation by reducing economic growth. Select the correct answer using the code given below:
    A Only 1 Correct Answer Incorrect Answer
    B Only 2 Correct Answer Incorrect Answer
    C Both are correct Correct Answer Incorrect Answer
    D None of the above Correct Answer Incorrect Answer

    Solution

    Both are correct statements.

    Practice Next
    ask-question

    Not sure which exam is best for you Talk to our expert

    Get My Free Call