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WAEC Economics 2002 Question 35

Question 35

Money and Inflation

Inflation can be controlled by increasing

  1. A.aggregate supply
  2. B.government expenditure.
  3. C.aggregate demand.
  4. D.a deficit budget.
Show the answer and explanation

Answer: A (aggregate supply)

Explanation

More goods and services reduce excess demand and so reduce the pressure on prices.