Q. Who said, "Inflation is unjust but deflation is inexpedient. Of the two, deflation is worse "?

A) Amartya Sen

B) J.M Keynes

C) J.N Bhagwati

D) J.G Gurlay

✔ Correct Answer: J.M Keynes

Exam Insight

The statement 'Inflation is unjust but deflation is inexpedient. Of the two, deflation is worse' was made by John Maynard Keynes, emphasizing the economic challenges of deflation.

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