Question

Galloping inflation is also known as
A) Hyperinflation
B) Jumping inflation
C) Moderate inflation
D) None

Answer 1

(A)Hyperinflation: When prices rises between 20% to 100% per annum or even more, it is called galloping or hyperinflation. ... Open and Suppressed Inflation: Inflation is said to be open when the government takes no steps to control the rise in the 

Answer 2

Answer:

Galloping inflation is also known as

A) Hyperinflation

B) Jumping inflation

C) Moderate inflation

D) None

Explanation:

• Galloping inflation is also known as Jumping Inflation. in option (B) is the correct answer.
• Galloping inflation is that kind of inflation that develops at a very high pace for a shorter period of time. It occurs due to not control over general inflation which in turn take the form of galloping or jumping inflation. It can be in double or triple range percentage as 20% to 100% or can even reach to 200%.
• Hyperinflation is occurs when prices go out of control to rise over million or trillion percentage over current prices and monetary authorities have no control over it . This is also called cancer of all inflation.In this kind of inflation there can be nothing said about the market conditions.
• Moderate inflation is also called creeping inflation in which prices rise at a steady rate over a period of time.

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