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WAEC Economics 1998 Question 24

Question 24

Money and Inflation

Which of the following is used to measure inflation?

  1. A.Open market operation
  2. B.Cash-Deposit ratio
  3. C.Price index
  4. D.Multiplier
  5. E.Fiscal policy
Show the answer and explanation

Answer: C (Price index)

Explanation

Inflation is measured by the change in a price index such as the consumer price index.