Question

A rise in general level of prices may be caused by
1. an increase in the money supply
2. a decrease in the aggregate level of output
3. an increase in the effective demand
Select the correct answer using the codes given below.
A) 1 only
B) 1 and 2 only
C) 2 and 3 only
D) 1, 2 and 3

Answer 1

option C is your answer