Assertion (A) : Deficit financing leads to inflation. Rea

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Assertion (A) : Deficit financing leads to inflation.

Reason (R) : It increases money supply as compared to goods and services.

In the context of the above which one of the following is correct

Codes :

U.P.P.C.S. (Mains) 2003

[Fiscal Policy, Inflation Planning and Banking]

Both (A) and (R) are true, and (R) is the correct explanation of (A)

Both (A) and (R) are true, but (R) is not the correct explanation of (A)

(A) is true, but (R) is false

(A) is false, but (R) is true

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