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A persistent rise in the general level of prices implies?
Classroom
Economics Classroom
Jamb
Jamb 2000
Money And Inflation
The Value Of Money And The Price Level
More Topics
A persistent rise in the general level of prices implies?
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
An increase in some prices
B
A one-time rise in prices
C
A steady fall in the purchasing power of money
D
That the higher the price level, the more the value of money
Show Answer
Show Explanation
Correct Answer:
Option C
Explanation:
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