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Economics · May / June 2024 · Paper 11 · Question 23

2281Inflation

What is most likely to increase when the rate of inflation gradually changes from 2% to 8% in one year?

  1. Athe cost of updating existing price lists
  2. Bthe level of business confidence
  3. Cthe real income of fixed-income earners
  4. Dthe real value of consumer debt

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Correct answer: A. the cost of updating existing price lists

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