the Central Bank's expansionary monetary policy is justified at a period?
ECONOMICS
JAMB 1995
the Central Bank's expansionary monetary policy is justified at a period?
- 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
Correct Answer: B. of economic depression accompanied by low capacity utilization
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