JAMB Economics 2008 Objective — Question 31

Question 31 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2008 Objective paper, with the correct answer and a full explanation.

Contractionary monetary policy is used to

A. control inflationCorrect
B. bridge the deflationary gap
C. expand the output level
D. deregulate the economy

Explanation

Contractionary policy is a policy to reduce money supply and aggregate demand, used to control inflation.

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