Economy, asked by asmijn1508, 9 hours ago

inflation is injurious to GDP growth. true or false. explain.​

Answers

Answered by farazshaik266
1

Answer:

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Explanation:

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Answered by priyarksynergy
1

Inflation refers to the problem where the price of goods and services arrives in an economy.

Explanation:

  1. Inflation refers to a problem where there is a significant rise in the prices of goods and services in an economy.
  2. Due to this, the real income which can be spent on buying goods and services decreases.
  3. As a result, people are unable to afford even the basic services and products.
  4. Inflation also affects the overall economic situation of a country.
  5. Inflation can result in various disruptive movements which act as a hindrance to the process of developmental policies.    
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