A rise in general level of prices may be caused by : 1. a

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A rise in general level of prices may be caused by :

1. an increase in the money supply.

2. a decrease in the aggregate level of output.

3. an increase in the effective demand.

Select the correct answer using the codes given below

I.A.S. (Pre) 2013

[Fiscal Policy, Inflation Planning and Banking]

1 only

1 and 2 only

2 and 3 only

1, 2 and 3

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