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O-LevelEconomicsGovernment and the macroeconomy2281/11 · Oct/Nov 2011 · Q331 Mark

What is the most obvious sign of inflation?

Aan increase in imports
Ban increase in productivity
Can increase in retail prices
Dan increase in total expenditure

✓ Correct answer

C: an increase in retail prices

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About this question

Topic
Government and the macroeconomy, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, Oct/Nov 2011 Paper 1 Variant 1, question 33.

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