Post Utme Caleb University 2023 Economics Question 3

Practice objective / multiple choice question 3 from the 2023 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2023 Economics Objective / Multiple Choice
Question 3 POST_UTME_CALEB_UNIVERSITY • 2023 • ECONOMICS • objective

A country's GDP is ₦100 billion. If the country's government decides to increase the money supply by 10%, what will be the effect on the country's price level?

Answer Options

A. Increase by 5%
B. Decrease by 5%
Correct Answer C. Increase by 10%
D. Decrease by 10%
Correct Answer
C
Correct Option:
Increase by 10%

About This Question

This is Post Utme Caleb University 2023 Economics Question 3. It is one of the objective questions from the 2023 Post Utme Caleb University Economics examination.

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