Post Utme Eksu 2020 Economics Question 14

Practice objective / multiple choice question 14 from the 2020 Post Utme Eksu Economics examination.

Post Utme Eksu 2020 Economics Objective / Multiple Choice
Question 14 POST_UTME_EKSU • 2020 • ECONOMICS • objective

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

Answer Options

Correct Answer A. 10% increase
B. 5% increase
C. no change
D. 5% decrease
Correct Answer
A
Correct Option:
10% increase

About This Question

This is Post Utme Eksu 2020 Economics Question 14. It is one of the objective questions from the 2020 Post Utme Eksu Economics examination.

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