Economics · May / June 2025 · Paper 12 · Question 24
2281Inflation
Which changes are likely to lead to the biggest increase in inflation in country X?
- Ademand for goods and services in country X: 5% decrease; supply of goods and services in country X: 5% decrease
- Bdemand for goods and services in country X: 5% decrease; supply of goods and services in country X: 5% increase
- Cdemand for goods and services in country X: 5% increase; supply of goods and services in country X: 5% decrease
- Ddemand for goods and services in country X: 5% increase; supply of goods and services in country X: 5% increase
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Correct answer: C. demand for goods and services in country X: 5% increase; supply of goods and services in country X: 5% decrease
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