Control of inflation - Jamb Economics Past Questions and Answers

Question 1:

• JAMB 1980

Which of the following is NOT a measure for controlling inflation?

A. Reduction in money supply
B. Wage restraint and wage freeze
C. Reduction in taxes and increase in government spending
D. Price control
E. Credit restriction

Question 2:

• JAMB 1986

To control inflation, the monetary authorities of a country can?

A. Reduce taxes
B. Advise government to increase its expenditure
C. Engage in expansive monetary policy
D. Engage inrestrictive monetary policy

Question 3:

• JAMB 1995

The best method to curb inflation in Nigeria is to

A. Reduce importation of commodities
B. Increase the general level of production
C. Reduce the volume ofmoney supply
D. Set up price control boards

Question 4:

• JAMB 1998

If a government wants to reduce the level of inflation, it will?

A. Run a budget surplus
B. Run a budget deficit
C. Run a balanced budget
D. Borrow more money

Question 5:

• JAMB 2011

An effective way of controlling inflation in a mixed economy is to

A. Increase productivity
B. Reduce income tax
C. Ration available output
D. Increase imports