Post Utme Unilag 2017 Economics Question 18

Practice objective / multiple choice question 18 from the 2017 Post Utme Unilag Economics examination.

Post Utme Unilag 2017 Economics Objective / Multiple Choice
Question 18 POST_UTME_UNILAG • 2017 • ECONOMICS • objective

The government of Nigeria has implemented a policy to reduce inflation by increa\sing interest rates. Which of the following is a likely effect of this policy?

Answer Options

A. Increased borrowing and reduced consumption
B. Increased investment and reduced unemployment
Correct Answer C. Reduced inflation and increased economic growth
D. Increased inequality and reduced economic growth
Correct Answer
C
Correct Option:
Reduced inflation and increased economic growth

About This Question

This is Post Utme Unilag 2017 Economics Question 18. It is one of the objective questions from the 2017 Post Utme Unilag Economics examination.

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