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The Higher the Prices in an Economy, The

Question 87

Multiple Choice

The higher the prices in an economy, the:
(i) lower the purchasing power of the currency.
(ii) lower the real wealth in the economy.
(iii) higher the real wealth in an economy.
(iv) more expensive the country's exports.


A) (i) , (ii) , and (iv)
B) (i) , (ii) , (iii) , and (iv)
C) (iii) and (iv)
D) (iv) only

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