Which of the following is NOT a type of inflation?
Practice Questions
Q1
Which of the following is NOT a type of inflation?
Creeping inflation
Walking inflation
Galloping inflation
Stagflation
Questions & Step-by-Step Solutions
Which of the following is NOT a type of inflation?
Step 1: Understand what inflation is. Inflation is when prices of goods and services increase over time.
Step 2: Learn about different types of inflation. The common types are creeping inflation (slow and steady), galloping inflation (fast and high), and stagflation (high inflation with stagnant economic growth).
Step 3: Identify the term 'walking inflation'. This term is not commonly used in economics to describe a type of inflation.
Step 4: Compare the terms. Since creeping, galloping, and stagflation are recognized types, and 'walking inflation' is not, it is the answer to the question.
