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Asked by Rayangowda Last Modified
Answer 
Harsh Gupta
Well Experienced Teacher, Trainer and Mentor, Having a Experience of more than 5 years .
Some inflation is good for the economy, if you are a shopkeeper then you always want that your product must be sold at higher price,
So it will improve the GDP (as the price will high and people will buy which shows that per capita income in increasing).
Agriculture industry will benefit, the government will get more revenue.
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What will be the effect of change in income on giffin goods and normal goods ?
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