A persistent rise in the general level of prices implies<...
A persistent rise in the general level of prices implies
An increase in some prices
A one-time rise in prices
A steady fall in the purchasing power of money
That the higher the price level, the more the value of money
Correct answer is C
No explanation has been provided for this answer.
A major characteristic of natural resources is that they ...
The circular flow of income defines the ...
The factor of production that has the highest degree of mobility is ...
An essential characteristics of market economy is ...
If the marginal utility of good X exceeds that of good Y, this implies that ...
Which of the following is not a direct tax? ...
In a market economy, the problem of what goods to produced is solved primarily by ...
Which of these is not a cause of high population growth in Nigeria? ...