Money and Inflation - Jamb Economics Past Questions and Answers

Question 6:

• 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 7:

• 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 8:

• JAMB 2016

If Mr Wale took a loan for the purpose of investment, the demand for money is________________?

A. Precautionary motive
B. Transactionary and Precautionary motive
C. Speculative motive
D. Speculative and Transactionary motives

Question 9:

• JAMB 2015

The total stock of money available for use in an economy is

A. Supply of money
B. Value of money
C. Demand for money
D. Attribute of money

Question 10:

• 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