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JAMB Economics 2014 Question 32

Question 32

Money and Inflation

Wage freeze is a policy measure aimed at

  1. A.regulating standard of living.
  2. B.curbing deflation.
  3. C.encouraging investors.
  4. D.curbing inflation.
Show the answer and explanation

Answer: D (curbing inflation.)

Explanation

A wage freeze stops wages from rising, which limits spending and production costs, so it helps curb inflation.