Creeping inflation implies that there is a?
ECONOMICS
JAMB 2002
Creeping inflation implies that there is a?
- A. gentle and persistent increase in the general price level
- B. rapid and persistent increase in the general price level
- C. gentle but not permanent increase in the general price level
- D. rapid but not permanent increase in the general price level
Correct Answer: A. gentle and persistent increase in the general price level
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