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Assertion (A): Cost inflation is caused by the shift in the aggregate supply curve.Reason (R): Shift in aggregate supply curve takes place because of the increase in wages.1. Both (A) and (R) are true and (R) is the correct explanation of (A).2. Both (A) and (R) are true and (R) is not the correct explanation of (A).3. (A) is true, but (R) is false.4. (A) is false, but (R) is true. |
Answer» Correct Answer - Option 1 : Both (A) and (R) are true and (R) is the correct explanation of (A). The correct answer is Both (A) and (R) are true and (R) is the correct explanation of (A).
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