Post Utme Aaua 2019 Economics Question 4

Practice objective / multiple choice question 4 from the 2019 Post Utme Aaua Economics examination.

Post Utme Aaua 2019 Economics Objective / Multiple Choice
Question 4 POST_UTME_AAUA • 2019 • ECONOMICS • objective

A country's inflation rate is 10% and the interest rate is 12%. If the money supply increases by 15%, what is the expected change in the price level?

Answer Options

A. 5%
Correct Answer B. 10%
C. 15%
D. 20%
Correct Answer
B
Correct Option:
10%

About This Question

This is Post Utme Aaua 2019 Economics Question 4. It is one of the objective questions from the 2019 Post Utme Aaua Economics examination.

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