Post Utme Aaua 2023 Economics Question 9

Practice objective / multiple choice question 9 from the 2023 Post Utme Aaua Economics examination.

Post Utme Aaua 2023 Economics Objective / Multiple Choice
Question 9 POST_UTME_AAUA • 2023 • ECONOMICS • objective

A country is experiencing a trade deficit due to a high demand for imports. If the country's exchange rate is fixed, what is the likely effect on the domestic price level?

Answer Options

Correct Answer A. Increase
B. Decrease
C. No effect
D. Uncertain
Correct Answer
A
Correct Option:
Increase

About This Question

This is Post Utme Aaua 2023 Economics Question 9. It is one of the objective questions from the 2023 Post Utme Aaua Economics examination.

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