Inflation n the Nigeria economy may be fueled by increase in?

Assessment: JAMB UTME - Economics - 1994 Subject: Economics

Question 1 Report

Inflation n the Nigeria economy may be fueled by increase in?
Answer Details
Inflation in the Nigerian economy may be fueled by an increase in government expenditure. When the government spends more money, it increases the demand for goods and services in the economy. If the supply of these goods and services cannot keep up with the demand, prices will rise, leading to inflation. As such, the increase in government expenditure may lead to an increase in inflation.
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