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One effect of inflation is that

Economics
WAEC 2024

One effect of inflation is that

  • A. money's purchasing power will increase.
  • B. the real incomes of workers will rise.
  • C. both borrowers and lenders benefit from it.
  • D. money's purchasing power will fall.
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Correct Answer: Option D
Explanation

D: Inflation makes N1 to worthless. Thus, the purchasing power of N1 will fall during inflation.  

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