Which of the following is likely to be inflationary
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
Correct Answer: Option D
Explanation:
Increment in wages and salaries will lead to inflation. This happens when business owners raise the minimum wage,
leading to a corresponding rise in the prices of their goods or services, thereby causing inflation.
Remember inflation happens when there is excess money in the economy, thereby causing a general rise in prices.
Increment in wages and salaries will lead to inflation. This happens when business owners raise the minimum wage,
leading to a corresponding rise in the prices of their goods or services, thereby causing inflation.
Remember inflation happens when there is excess money in the economy, thereby causing a general rise in prices.