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| Q.5 | Which of the following statements is related to positive economics? | |
| Ans | 1. Inflation is better than deflation. | |
| 2. An increase in money supply implies a price rise in an economy. | ||
| 3. Inequalities in the distribution of wealth and incomes should be reduced. | ||
| 4. More production of luxury goods is not good for a less developed country. |
Correct Ans Provided: 2
