Assertion (A): During inflation, there is increase in money supply and rise in price level.
Reason (R): The rise in prices is due to shortage in supply of essential consumer goods.

A

Both A and R are individually true and R is the correct explanation of A.

B

Both A and R are individually true but R is not the correct explanation of A

C

A is true but R is false

D

A is false but R is true