Question 16

Why would an individual increase his level of consumption during inflationary periods?

  • A.The real value of any amount saved falls over time
  • B.Interest rates are generally low
  • C.There are varieties of goods to buy
  • D.Wages and salaries stagnate during inflation
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
2013
Question no.
#16
Type
Objective

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