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Economics Past Questions and Answers

Jamb Economics Questions

Question 31:
Inflation which is caused mainly increases in the prices of factors of production is described as?
  • A Cost-push inflation
  • B Demand-pull inflation
  • C Crawling inflation
  • D Spiral inflation
View Answer & Explanation
Question 32:
The relationship between the value of money and the price level is?
  • A Direct
  • B Unpredictable
  • C Diverse
  • D Inverse
View Answer & Explanation
Question 33:
People hold money for?
  • A Charity
  • B Safe keeping
  • C Profit making
  • D Speculative purposes
View Answer & Explanation
Question 34:
Bills of exchange originates from a?
  • A Central bank
  • B Commercial bank
  • C Community bank
  • D Development bank
View Answer & Explanation
Question 35:
If high unemployment goes hand in hand with rising prices, the situation created is?
  • A Hyperinflation
  • B Stagflation
  • C Moderate inflation
  • D Galloping inflation
View Answer & Explanation