Money and Inflation - Jamb Economics Past Questions and Answers

Question 71:

• JAMB 2003

Inflation that is usually associated with periods of trade boom is

A. Creeping inflation
B. Cost-push inflation
C. Stagflation
D. Demand-pull inflation

Question 72:

• JAMB 2004

The excess of aggregate expenditure over full employment level of output is referred to as

A. GNP gap
B. Deflationary gap
C. Inflation gap
D. Recessionary gap

Question 73:

• JAMB 2005

Idle cash balances are held for

A. Planned purchases
B. The purchase of bonds
C. The purchase of shares
D. Unplanned purchases

Question 74:

• JAMB 2005

The factor responsible for the current inflationary pressures in Nigeria is the

A. Exchange rate depreciation
B. Increase in exports
C. Low per capital income
D. Budget surplus

Question 75:

• JAMB 2006

One way of controlling deflation is by

A. Contractionary monetary policy
B. Decreasing wages
C. Deficit financing
D. Rigid fiscal policy