Economic Awareness - Sectors of Indian Economy
Which of the following is an example of a supply-side administrative measure to control inflation?
Which of the following is an example of a supply-side administrative measure to control inflation?
medium Q6 of 15
Step-by-Step Solution
Step 1: Understand supply-side inflation control
Supply-side inflation arises from shortages; administrative measures like price controls help manage prices directly.Step 2: Identify administrative measure
Price controls limit prices to prevent inflation caused by supply constraints, unlike monetary or fiscal tools.Final Answer:
Imposing Price Controls → Option CQuick Check:
Supply-side inflation control = Price Controls ✅
Quick Trick: Price controls address supply shortages causing inflation
Common Mistakes:
- Confusing monetary tools with administrative measures
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