Inflation - Jamb Economics Past Questions and Answers

Question 31:

• 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

Question 32:

• 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 33:

• 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 34:

• JAMB 2011

An increase in the circulation of money without a corresponding increase in output will lead to

A. A rise in income levels
B. Stagflation
C. Inflation
D. Deflation

Question 35:

• 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