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2541

A fiscal policy instrument that can influence the demand pattern in an economy is

  • A. government spending
  • B. interest rate
  • C. income tax
  • D. tariff
View Answer & Discuss (2) JAMB 2013
2542

One of the main achievements of the Economic Commission for Africa is

  • A. eliminating trade restrictions among states
  • B. encouraging transport and communication development
  • C. guaranteeing a steady flow of foreign investment into Africa
  • D. providing the machinery for collaboration on monetary issues
View Answer & Discuss JAMB 2013
2543

The rate of interest change on loans depends largely on

  • A. the prevailing exchange rate
  • B. marginal efficiency of capital
  • C. the risk associated with the loan
  • D. the prevailing tax rate
View Answer & Discuss (2) JAMB 2013
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2544

A valid explanation for real wage growth is

  • A. an increase in the rate of productivity
  • B. the rising cost of capital accumulation
  • C. a contraction of emploment in service industries
  • D. an increase in the quantity of labour
View Answer & Discuss JAMB 2013
2545

If Mr. X lost his clerical job at a store and searched for a similar job for ten months before finding one this implies that Mr.X was

  • A. structurally unemployed
  • B. frictionally unemployed
  • C. seasonally unemployed
  • D. cyclically unemployed
View Answer & Discuss (3) JAMB 2013
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