Q.When the prices rise slowly, we call it as :

A slow rise in prices is called mild (creeping) inflation — option (c). In the Tamil Nadu HSC Class-12 Economics (Monetary Economics) syllabus, inflation is classified by its speed: - Mild / creeping inflation — prices rise slowly (a small percentage per year); considered healthy for growth. - Galloping inflation — prices rise rapidly, in double or triple digits. - Hyper-inflation — prices rise uncontrollably to very high levels. - Deflation — the general price level actually falls, not rises. Since the question …