JAMB Economics 2019 Objective — Question 38

Question 38 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2019 Objective paper, with the correct answer and a full explanation.

In order to curb unemployment, government often introduces

A. a contractionary fiscal policy
B. an expansionary fiscal policy (increasing expenditure, decreasing taxes)Correct
C. a tight monetary policy
D. import restrictions

Explanation

To curb unemployment, government often introduces an expansionary fiscal policy. Increased government expenditure and decreased taxes boost the economy, encouraging aggregate demand so that factories employ more workers.

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