Post Utme Greenfield University 2022 Economics Question 8

Practice objective / multiple choice question 8 from the 2022 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2022 Economics Objective / Multiple Choice
Question 8 POST_UTME_GREENFIELD_UNIVERSITY • 2022 • ECONOMICS • objective

A central bank increases the money supply by 10% in a closed economy. If the initial price level is 100, what is the new price level?

Answer Options

A. 90
B. 100
Correct Answer C. 110
D. 120
Correct Answer
C
Correct Option:
110

About This Question

This is Post Utme Greenfield University 2022 Economics Question 8. It is one of the objective questions from the 2022 Post Utme Greenfield University Economics examination.

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