Types of inflation - Jamb Economics Past Questions and Answers

Question 1:

• JAMB 2019

A demand which gives rise to the reverse of the law of demand is__________

A. Derived demand
B. Joint demand
C. Abnormal demand
D. Composite demand

Question 2:

• JAMB 2019

An economic condition in which much reduced economic activity co-exists with inflation is referred to as__________

A. Stagflation
B. Inflationary spiral
C. Slump inflation
D. Inflationary gap

Question 3:

• 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 4:

• 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 5:

• JAMB 1979

Inflation can be curbed by

A. Increasing aggregate demand
B. Paying higher wages
C. Increasing government expenditure
D. Reducing aggregate demand
E. A deficit budget