There are multi-dimensional effects of inflation on an economy both at the micro and macro levels. With reference to this identify which of the following statements is/are correct? 1. Borrowers suffer and lenders benefit out of inflation. 2. Inflation gives an economy the advantage of lower imports and import-substitution as foreign goods become costlier. 3. Inflation increases employment in the short-run, but becomes neutral or even negative in the long run. Select the correct answer using the codes given below: - Study24x7
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UPSC & State PSC
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There are multi-dimensional effects of inflation on an economy both at the micro and macro levels. With reference to this identify which of the following statements is/are correct? 1. Borrowers suffer and lenders benefit out of inflation. 2. Inflation gives an economy the advan...

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A

1 and 2 only

B

2 and 3 only

C

1 and 3 only

D

1, 2 and 3

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