Inflation - Jamb Economics Past Questions and Answers

Question 11:

• JAMB 1984

Cost push inflation takes place due to?

A. The rapid increase in the demand for goods
B. An increase in productivity of the factors of production
C. A rise in the cost of production
D. A rise in the standard of living
E. The low wage rate of the workers

Question 12:

• JAMB 1986

To control inflation, the monetary authorities of a country can?

A. Reduce taxes
B. Advise government to increase its expenditure
C. Engage in expansive monetary policy
D. Engage inrestrictive monetary policy

Question 13:

• JAMB 1986

Which of the following causes of inflation is related to demand-pull inflation?

A. Low productivity on farms and in firms
B. Poor storage facilities
C. Poor distribution system
D. Increase in expenditure on construction

Question 14:

• JAMB 1987

If inflation is anticipated to continue?

A. People will lose confidence in goods
B. Lenders will demand higher interest rate
C. The growth of full employment output will be accelerated
D. People will want to hold more money

Question 15:

• JAMB 1989

Cost-push inflation is caused by?

A. Growth of government expenditure
B. Increase in factor prices
C. Increase in money supply
D. Hoarding