Question 29

Which of the following statements is not true in an inflationary period?

  • A.the purchasing power diminishes
  • B.Wages rise simultaneously with prices
  • C.More money runs after a limited quantity of goods
  • D.Fixed income earners lose
  • E.Aggregate real demand exceeds aggregate real supply
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
1991
Question no.
#29
Type
Objective

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