WBCS.LIVE practice question

Inflation is situation characterized by:

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Too much money chasing too few goods
  2. Too few money chasing too much goods
  3. Too many people chasing too few goods
  4. Too many people chasing too little money

Correct answer and explanation

Correct answer: Too many people chasing too little money