It is ______ rather than moderate inflation that concerns policymakers and sends economists scurrying.
- By a galloping inflation rate
- A galloping inflation rate
- Galloping inflation rate
- None of these
Explanation
- The correct phrase is “galloping inflation”, which refers to a very high and rapidly increasing rate of inflation.
- Moderate inflation is relatively manageable, while galloping inflation creates serious economic instability.
- Policymakers become concerned because it reduces purchasing power and increases uncertainty.
Last verified on 31-10-2026
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