MCQOPTIONS
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| 1. |
Bring out the only statement, which is not fully correct: |
| A. | An increase in the supply of money will always result in inflation |
| B. | Inflation occurs when the value of money declines |
| C. | Cost inflation occurs when prices rise to cover increased factor costs |
| D. | Inflation will have the effect of redistributing incomes within a country |
| Answer» B. Inflation occurs when the value of money declines | |