Control of inflation - Jamb Economics Past Questions and Answers

Question 6:

• 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 7:

• JAMB 2020

To control inflation, the monetary authorities of a country can

A. Reduce taxes
B. Advise the government to increase its expenditure
C. Engage in expansive monetary policies
D. Engage in restrictive monetary policies

Question 8:

• JAMB 2021

Inflation can be curbed by ____________

A. Deficit budget
B. Paying higher wages
C. Increased aggregate demand
D. Reducing aggregate demand