Post Utme Esut 2019 Economics Question 13

Practice objective / multiple choice question 13 from the 2019 Post Utme Esut Economics examination.

Post Utme Esut 2019 Economics Objective / Multiple Choice
Question 13 POST_UTME_ESUT • 2019 • ECONOMICS • objective

A central bank implements a monetary policy that increases the money supply by 10%. What will be the effect on the general price level?

Answer Options

Correct Answer A. The general price level will increase by 10%
B. The general price level will decrease by 10%
C. The general price level will remain the same
D. The general price level will increase by 20%
Correct Answer
A
Correct Option:
The general price level will increase by 10%

About This Question

This is Post Utme Esut 2019 Economics Question 13. It is one of the objective questions from the 2019 Post Utme Esut Economics examination.

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