Question 20

Demand-pull inflation results when there is

  • A.inadequate improvement in the wage rate of workers
  • B.execessive demand due to high purchasing power
  • C.excessive supply of raw materials for production
  • D.rise in productivity of the factors of production
  • E.excessive rise in the standard of living
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
1996
Question no.
#20
Type
Objective

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