Identify one of the following which can NOT be used to close…

JAMB Economics 2023 44 views

Identify one of the following which can NOT be used to close deflationary gap

  1. Increase government expenditure
  2. Reduction in taxes
  3. Increased money supply
  4. Increased interest rate ✓

Explanation

This answer correctly explains the economic concept. Economics studies how people make choices about limited resources.

The other options describe different economic ideas or situations. They don’t fit what this question asks.

Remember this economic principle when thinking about money, trade, and how markets work.

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