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Q: Galloping inflation is also known as

  • 1
    Hyperinflation
  • 2
    Jumping inflation
  • 3
    Moderate inflation
  • 4
    None
  • Show Answer
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Answer : 2. "Jumping inflation"
Explanation :

Answer: B) Jumping inflation Explanation: Galloping inflation is also known as jumping inflation.   It refers to a type of inflation that occurs when the prices of goods and services increase at the two-digit or three-digit rate per annum.

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