Assertion (A): Cost push inflation is caused by shift in aggregate supply curve. Reason (R): Shift in aggregate supply curve takes place because of increase in wages.

A rapid increase in the rate of inflation is sometimes attribute to the “base effect”. What is “base effect”?

If the price index increased from 100 in 2021 to 110 in 2022 to 132 in 2023, then the rate of inflation is:

Which one of the following is a measure that can be used by the Government for combating inflation?

In macroeconomics, the curve that depicts an empirical inverse relationship between the rate of inflation and the rate of unemployment in an economy in the short run is called the:

A measure of the total inflation within an economy, including such as food and energy prices is called: