Consider the following statement:1. Inflation is a decrease in price of goods2. Inflation is caused by excess demand in economy3. Inflation results from excessive increase in the money supply4. Inflation effects all segments of the economyWhich among the following statement is/are incorrect?

Consider the following statement:1. Inflation is a decrease in price o

1.	Consider the following statement:1. Inflation is a decrease in price of goods2. Inflation is caused by excess demand in economy3. Inflation results from excessive increase in the money supply4. Inflation effects all segments of the economyWhich among the following statement is/are incorrect?
A.	1 only
B.	2 only
C.	3 only
D.	4 only
Answer» B. 2 only