Types Of Inflation - Economics Jamb Past Questions and Answers

Question 11 :

• JAMB 1999

If high unemployment goes hand in hand with rising prices, the situation created is?

A. Hyperinflation
B. Stagflation
C. Moderate inflation
D. Galloping inflation

Question 12 :

• JAMB 2002

Excess demand inflation can be controlled through?

A. Contractionary fiscal policy
B. Contractionary trade policy
C. Expansionary fiscal policy
D. Expansionary monetary policy

Question 13 :

• JAMB 2003

Inflation that is usually associated with periods of trade boom is

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

Question 14 :

• JAMB 2007

A persistent rise in the prices of inputs will lead to

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

Question 15 :

• JAMB 2009

Cost-push inflation occurs when

A. Production cost is high
B. Factor prices decrease
C. There is too much money in circulation
D. Government embarks on deficit financing