if the current price of an apple is twice that of last year, it implies that the value of money is

  • A stable
  • B falling
  • C rising
  • D getting stronger
waec 2011economics

The correct answer is B. falling

If the price of the apple was 100 in year 1, and by year 2 it increased to 200. It means the value of the money is falling. The value of money is determined by how much goods it can buy.

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