Consider the following pairs.
| S. No | Type of Inflation | Definition |
| 1. | Reflation | It is when the prices of goods and services rise uncontrollably |
| 2. | Stagflation | It is deliberately introduced by the government. |
| 3. | Hyperinflation | When inflation and unemployment both are at higher levels |
Which among the above pairs is/are correct?
1
1 and 2 only
2
2 and 3 only
3
1, 2 and 3
4
None of the above