JAMB Economics 2019 Objective — Question 12
Question 12 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2019 Objective paper, with the correct answer and a full explanation.
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Creeping inflation is defined as the circumstance where the general price level of a nation increases
- A. gradually, but continually over timeCorrect
- B. rapidly and unpredictably
- C. only in the short run
- D. not at all
Explanation
Creeping inflation is defined as a situation where the general price level of a nation increases gradually, but continually, over time.
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