Economics · Macroeconomics
Consider the following statements: Statement I: Inflation refers to a general rise in prices and a fall in the purchasing value of money. Statement II: Deflation means that general prices fall and the purchasing value of money rises.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Both I and II are incorrect
- 2Both I and II are correct✓
- 3Only II is correct
- 4Only I is correct
Correct answer
Both I and II are correct
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Macroeconomics MCQs →Want more practice questions on Macroeconomics?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Macroeconomics