"Inflation increases the average level of prices". Which of the following is(are) necessarily implied by this statement:
(i) The prices of commodities exceed income
(ii) Money supply grows at a higher rate than the real GDP
(i) The prices of commodities exceed income
(ii) Money supply grows at a higher rate than the real GDP
Show Hint
- Only (i)
- Only (ii)
- Both (i) and (ii)
- Neither (i) nor (ii)
The Correct Option is B
Solution and Explanation
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Questions Asked in GATE XH-C1 exam
Two players \( A \) and \( B \) are playing a game. Player \( A \) has two available actions \( a_1 \) and \( a_2 \). Player \( B \) has two available actions \( b_1 \) and \( b_2 \). The payoff matrix arising from their actions is presented below:
Let \( p \) be the probability that player \( A \) plays action \( a_1 \) in the mixed strategy Nash equilibrium of the game.
Then the value of p is (round off to one decimal place).- GATE XH-C1 - 2025
- Logical Reasoning
Eight students (P, Q, R, S, T, U, V, and W) are playing musical chairs. The figure indicates their order of position at the start of the game. They play the game by moving forward in a circle in the clockwise direction.
After the 1st round, the 4th student behind P leaves the game.
After the 2nd round, the 5th student behind Q leaves the game.
After the 3rd round, the 3rd student behind V leaves the game.
After the 4th round, the 4th student behind U leaves the game.
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