Instructions

Each of the next nine questions consists of two statements, one labeled as 'Assertion' (A) and other as 'Reason' (R). You are to examine these two statements carefully and select the correct answers.

Question 174

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.

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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.

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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.