Which of the following statements is not true in an inflationary period?

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Economics WAEC 1991

Which of the following statements is not true in an inflationary period?

  • the purchasing power diminishes
  • Wages rise simultaneously with prices checkmark
  • More money runs after a limited quantity of goods
  • Fixed income earners lose
  • Aggregate real demand exceeds aggregate real supply

The correct answer is: B

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