Inflation - Jamb Economics Past Questions and Answers

Question 36:

• JAMB 2020

Which of the following is likely to be inflationary

A. Taxes increase
B. Increase in unemployment
C. Budget surplus
D. Wages increase

Question 37:

• JAMB 2021

Inflation can be curbed by ____________

A. Deficit budget
B. Paying higher wages
C. Increased aggregate demand
D. Reducing aggregate demand

Question 38:

• JAMB 2021

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

A. Harvest
B. Deflation
C. Recession
D. Inflation

Question 39:

• JAMB 2021

Inflation is likely to benefit ____________

A. Debtors
B. Persons with back savings
C. Creditors
D. Persons who lived on fixed pension funds