Economics · Economy
Consider the following statements: Statement-I: Galloping inflation occurs when inflation rises very slowly and predictably over a long period. Statement-II: Galloping inflation typically features high double-digit or triple-digit annual inflation rates (e.g., 20%, 100%, or 200%) and causes severe economic instability. Which one of the following is correct in respect of the above statements?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement-I is correct, but Statement-II is incorrec t
- 2Statement-I is incorrect, but Statement-II is correct✓
- 3Both Statement-I and Statement-II are correct but Statement-II is not the correct explanation for Statement-I
- 4Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I
Correct answer
Statement-I is incorrect, but Statement-II is correct
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