Post Utme Babcock University 2024 Economics Question 29

Practice objective / multiple choice question 29 from the 2024 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2024 Economics Objective / Multiple Choice
Question 29 POST_UTME_BABCOCK_UNIVERSITY • 2024 • ECONOMICS • objective

A central bank increases the money supply by 10%. What is the effect on the price level?

Answer Options

Correct Answer A. Price level increases by 10%
B. Price level decreases by 10%
C. Price level remains unchanged
D. Price level increases by 20%
Correct Answer
A
Correct Option:
Price level increases by 10%

About This Question

This is Post Utme Babcock University 2024 Economics Question 29. It is one of the objective questions from the 2024 Post Utme Babcock University Economics examination.

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