Join ExamsbookAnswer : 2. "Jumping inflation"
Galloping inflation is also known as5
Q: Galloping inflation is also known as
- 1Hyperinflationfalse
- 2Jumping inflationtrue
- 3Moderate inflationfalse
- 4Nonefalse
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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.