Which of the following is NOT a type of economic system?
A. Barter economy as a complete system classification
B. Socialist economy
C. Capitalist economy
D. Mixed economy
Answer: Option A
Solution (By JKSSB Mock Tests)
Economic systems are classified as capitalist, socialist and mixed based on ownership and resource allocation. Barter is a method of exchange, not a complete economic system classification.
Explanation:
Headline inflation measures the overall change in the price level of a comprehensive basket of goods and services, including volatile items such as food and fuel.
Explanation:
Technology primarily affects aggregate supply. Aggregate demand is determined by consumption, investment, government spending and net exports.
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