
Infl ation | 279
REFERENCES
Economic and Political Weekly, 43(14), April 5–11, 2008.
Economic Survey 2007–08, Government of India.
The Hindu Business Line, April 8, 2008.
5. In what way does infl ation contribute to economic growth?
What kind of infl ation affects economic growth adversely?
6. Explain the relationship between infl ation and employ-
ment. Is achieving a high rate of employment by means of
infl ation always desirable?
7. What is monetarists’ explanation for infl ation? Is infl ation
always and everywhere a monetary phenomenon?
8. Explain how the demand factors cause demand-pull infl a-
tion. What are the major weaknesses ...