MCQOPTIONS
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| 1. |
An economy, if suffering from shortage of production resources, will cause an increase in total expenditure due to – |
| A. | Increase in employment and nominal income |
| B. | Indicative income and increase in prices |
| C. | increase in production and prices |
| D. | Increase in production and employment |
| Answer» C. increase in production and prices | |