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2007

Q: A rise in general level of prices may be caused by

  • 1
    an increase in the money supply
  • 2
    an increase in the effective demand
  • 3
    a decrease in the aggregate level of output
  • 4
    All of the above
  • Show Answer
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Answer : 4. "All of the above"
Explanation :

Answer: D) All of the above Explanation: All the three statements lead to either increase in demand of goods and services or decrease in the supply. This leads to increase in general level of prices.

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