Consider the following statement: 1. Inflation is a decrease in price of goods 2. Inflation is caused by excess demand in economy 3. Inflation results from excessive increase in the money supply 4. 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

1.	Consider the following statement: 1. Inflation is a decrease in price of goods 2. Inflation is caused by excess demand in economy 3. Inflation results from excessive increase in the money supply 4. 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