Which of the following statements is not true in an inflationary period?
ECONOMICS
WAEC 1991
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. Aggregate real demand exceeds aggregate real supply
Correct Answer: B. Wages rise simultaneously with prices
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