Economics WAEC

Monetary policy aimed at reducing demand-pull inflation in the country maybe carried out through?

A. increase in taxation of private companies, public corporations, and private individuals
B. increase in cash reserve ratio of commercial banks and the sale of government securities
C. decrease in government expenditure on education
D. direct price control in the market place

Correct Answer:

Option A – increase in taxation of private companies, public corporations, and private individuals

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