What would be likely to increase inflation in any economy?

Home » Past Questions » Economics » Jamb » 2015 » What would be likely to increase inflation in any economy?
Economics JAMB 2015

What would be likely to increase inflation in any economy?

  • Increase in demand checkmark
  • Reduce public spending
  • Control excessive import
  • Increase in direct tax

The correct answer is: A

Explanation

Excess demand without a corresponding increase in supply causes inflation.
Previous Question Next Question

Leave A Comment