the Central Bank's expansionary monetary policy is justified at a period?

Economics

JAMB 1995

A. when the inflation rate is high and the economic is experiencing a boom
B. of economic depression accompanied by low capacity utilization
C. when trade unions are clamouring for higher wages
D. when price of crude petroleum is rising

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Correct Answer: Option B

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the Central Bank's expansionary monetary policy is justified at a period?

Correct Answer: Option B

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