PU-MET : Panjab University MBA Entrance Exam with MCQ Answers 2014

Practice Mode:
23.

If a country experiences an inflation rate of 20 percent a year.

A: The productivity for the country is increasing.
B: The cost of living in the country is increasing.
C: The standard of living in the country is improving
D: The quantity of goods and services is growing faster than the quantity of money

The answer is: B

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