Inflation - Jamb Economics Past Questions and Answers

Question 6:

• JAMB 2014

An inflation that co-exists with high rate of unemployment is

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

Question 7:

• JAMB 1979

Inflation can be curbed by

A. Increasing aggregate demand
B. Paying higher wages
C. Increasing government expenditure
D. Reducing aggregate demand
E. A deficit budget

Question 8:

• 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 9:

• JAMB 1981

Money becomes a very poor store of value in a period of

A. Deflation
B. Stable prices
C. Recession
D. Inflation
E. Harvest

Question 10:

• JAMB 1981

Inflation is likely to benefit?

A. Persons with bank savings
B. Persons employed in financial houses
C. Debtors
D. Persons who lived on fixed pension funds
E. Creditors