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2. Deflation can be due to:

  • High economy growth.
  • Increased competition, Technological Advancements, Supply outweighing Demand.
  • Increased competition, Technological Advancements, Demand outweighing Supply.
  • Hyperinflation.

3. Which of the following are Economic Objectives?

  • Stable Prices, High Import Taxes, Low Exports, Low Employment, High taxation
  • Economic Growth, Stable Prices, Low Unemployment, Favourable Balance of trade, A low level of inflation.
  • Economic Growth, Stable Prices, Low Unemployment, Favourable Balance of trade, A high level of inflation.
  • Economic Growth, Stable Prices, Low Unemployment, Low Exports, A high level of inflation.

4. Which of the following is a cause of Inflation?

  • Cheaper borrowing or tax cuts, leads to higher prices and wages.
  • Equal supply to demand.
  • Civil unrest.
  • Reduced costs of raw materials.

5. What is the Monetary Policy?

  • Controlling the interest rates and tax.
  • Controlling the government spending and tax.
  • Controlling the money supply and interest rates.
  • Controlling the money supply and tax.

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