by Sunday | Oct 24 | Economics JAMB
A. control inflation B. bridge the deflationary gap C. expand the output level D. deregulate the economy Correct Answer: Option A – control inflation Explanation Contractionary monetary policy is when central banks raise interest rates and reduce the money...
by Sunday | Oct 24 | Economics JAMB
A. increasing cost of production B. the appreciation of the naira C. decreasing cost of production D. high capacity utilization Correct Answer: Option A – increasing cost of production Explanation Increase in the cost of production would lead to a rise in...
by Sunday | Oct 24 | Economics JAMB
A. money supply B. general price level C. velocity of money D. interest rate Correct Answer: Option B – general price level
by Sunday | Oct 24 | Economics JAMB
A. taxes B. pensions C. imports D. exports Correct Answer: Option D – exports Explanation In the circular flow of income, injections include the sum of government spending (G), exports (X) and investments (I).
by Sunday | Oct 24 | Economics JAMB
A. final output B. factor cost C. value-added D. profits earned Correct Answer: Option C – value-added Explanation The output approach measures national output called gross domestic products (GDP) in terms of the values added by each of the sectors of the...
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