Waec 2024 Economics Question 27

Practice objective / multiple choice question 27 from the 2024 Waec Economics examination. This question covers Economics .

Waec 2024 Economics Objective / Multiple Choice 2 Difficulty
Topic: Economics
Question 27 WAEC • 2024 • ECONOMICS • objective

One effect of inflation is that

Answer Options

A. money's purchasing power will increase
B. the cost of living increases
C. the real income of consumers increases
Correct Answer D. money's purchasing power will fall
Correct Answer
D
Correct Option:
money's purchasing power will fall

About This Question

This is Waec 2024 Economics Question 27. It is one of the objective questions from the 2024 Waec Economics examination.

The question covers Economics .

Difficulty level: 2 .

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