#1-ECONOMICS
"Inflation increases the average level of prices". What does this statement refers to? 1. The price of commodities exceeds income 2. In real terms, the Money supply grows at a higher rate than the Gross Domestic Product.
A.Only 1
B.Only 2
C.Both 1 and 2
D.Neither 1 nor 2
"Inflation increases the average level of prices". What does this statement refers to? 1. The price of commodities exceeds income 2. In real terms, the Money supply grows at a higher rate than the Gross Domestic Product.
A.Only 1
B.Only 2
C.Both 1 and 2
D.Neither 1 nor 2
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Answer:
D.
Explanation:
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