Inflation - Jamb Economics Past Questions and Answers

Question 1:

• JAMB 2019

An economic condition in which much reduced economic activity co-exists with inflation is referred to as__________

A. Stagflation
B. Inflationary spiral
C. Slump inflation
D. Inflationary gap

Question 2:

• JAMB 2017

Cost - push inflation occurs when_______

A. Production cost is high
B. Government embarks on deficits financing
C. Factors decrease
D. There is too much in circulation

Question 3:

• JAMB 2016

The type of inflation that emanates from excess demand overs supply is___________?

A. Galloping inflation
B. Imported inflation
C. Demand-pull inflation
D. Cost-push inflation

Question 4:

• JAMB 2015

What would be likely to increase inflation in any economy?

A. Increase in demand
B. Reduce public spending
C. Control excessive import
D. Increase in direct tax

Question 5:

• JAMB 2014

Wage freeze is a policy measure aimed at

A. Encouraging investors
B. Curbing inflation
C. Regulating standard of living
D. Curbing deflation