WAEC Economics 2023 Objective — Question 35
Question 35 of 50 from the West African Examinations Council (WAEC) Economics 2023 Objective paper, with the correct answer and a full explanation.
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The price level and the value of money are A. inversely related. B. directly related. C. not related. D. positively related.
- A. inversely relatedCorrect
- B. directly related
- C. not related
- D. positively related
Explanation
The higher the price level, the lower the value of money — thus, price level and value of money are inversely related.
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