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

Economics

WAEC 1991

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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Correct Answer: Option B

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

Correct Answer: Option B

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