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8) What do you understand by Restrictive Interest Rate Policies (RIRP), Zero Interest Rate Policies (ZIRP) and Negative Interest Rate Policies (NIRP)? It is said that RIRP will not lead to higher inflation even though ZIRP and NIRP generate and entrench deflation. Elaborate.

TopicIndian Economy and issues relating to planning, mobilization of resources, growth, development and employment

8) What do you understand by Restrictive Interest Rate Policies (RIRP), Zero Interest Rate Policies (ZIRP) and Negative Interest Rate Policies (NIRP)? It is said that RIRP will not lead to higher inflation even though ZIRP and NIRP generate and entrench deflation. Elaborate. (200 Words)

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