Question
[Passage: Same as Q76]
Which of the following assumptions is/are valid?
1. Deflation strategies can be used to make manufacturers appear to be doing better than they actually are.
2. When input and output prices are both deflated against a single input price, it is referred to as 'double deflation'.
Select the answer using the code given below.
- (a)1 only
- (b)2 only
- (c)Both 1 and 2
- (d)Neither 1 nor 2