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

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Take Free Practice Test On 2024 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
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. Fixed income earners lose
E. Aggregate real demand exceeds aggregate real supply




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