In an inflationary period which of the following statements is NOT true?

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Economics JAMB 1983

In an inflationary period which of the following statements is NOT true?

  • Wages rise simultaneously with prices checkmark
  • The purchasing power of money diminishes
  • More money runs after a limited quantity of goods
  • Money supply increases
  • Aggregate real demand exceeds aggregate real supply

The correct answer is: A

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