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WAEC Economics 2006 Question 31

Question 31

Money and Inflation

One way to solve the economic problem of inflation in a country is by increasing the

  1. A.supply of commodities
  2. B.supply of currency
  3. C.salaries of workers
  4. D.demand for commodities.
Show the answer and explanation

Answer: A (supply of commodities)

Explanation

Producing more goods meets the excess demand, so prices fall; the other options would push prices higher.