Economics 9708 · AS & A Level · Balance of payments

Balance of payments — practice question

Which statement concerning an increase in the general price level in a country is correct?

  • AIt is likely to create economic winners and losers in the country.
  • BIt is unacceptable to modern governments.
  • CIt means that no goods have fallen in price.
  • DIt must make the average citizen poorer.

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