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Durgesh • 8.64K Points
Tutor III Economic

Q. A rapid increase in the rate of inflation is sometimes attributed to the “base effect”. What is “base effect” ?

  • (A) It is the impact of drastic deficiency in supply due to failure of crops
  • (B) It is the impact of the surge in demand due to rapid economic growth
  • (C) It is the impact of the price levels of previous year on the calculation of inflation rate
  • (D) None of the above
  • Correct Answer - Option(C)
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  • Filed under category Economic

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