Money and Inflation - Jamb Economics Past Questions and Answers

Question 81:

• 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

Question 82:

• 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

Question 83:

• JAMB 2011

An increase in the circulation of money without a corresponding increase in output will lead to

A. A rise in income levels
B. Stagflation
C. Inflation
D. Deflation

Question 84:

• JAMB 2011

The deflationary gap is defined by

A. X
B. K
C. X + K
D. X - K

Question 85:

• JAMB 2011

What does X represent?

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