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Demand-pull inflation results when there is

Economics
WAEC 1996

Demand-pull inflation results when there is
  • A. inadequate improvement in the wage rate of workers
  • B. execessive demand due to high purchasing power
  • C. excessive supply of raw materials for production
  • D. rise in productivity of the factors of production
  • E. excessive rise in the standard of living
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Correct Answer: Option B
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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