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Economics · May / June 2017 · Paper 11 · Question 23

2281Inflation

In a developing country real incomes have risen. Which situation would definitely have caused this?

  1. Aprice level: fell; money incomes: fell
  2. Bprice level: fell; money incomes: rose
  3. Cprice level: rose; money incomes: unchanged
  4. Dprice level: rose; money incomes: fell

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Correct answer: B. price level: fell; money incomes: rose

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