JAMB Economics 2023 Objective — Question 5
Question 5 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2023 Objective paper, with the correct answer and a full explanation.
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Deficit budget of the government will lead to
- A. (A) Unemployment
- B. (B) inflationCorrect
- C. (C) deflation deficit balance of payment
- D. (D) None of the options
Explanation
A deficit budget means government spending exceeds its revenue, putting excess money in the hands of the people and leading to inflation.
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