Post Utme Greenfield University 2024 Economics Question 15

Practice objective / multiple choice question 15 from the 2024 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2024 Economics Objective / Multiple Choice
Question 15 POST_UTME_GREENFIELD_UNIVERSITY • 2024 • ECONOMICS • objective

A central bank is considering a monetary policy action to reduce inflation. If the current inflation rate is 5% and the target inflation rate is 2%, what is the required reduction in the money supply?

Answer Options

A. 10%
B. 15%
Correct Answer C. 20%
D. 25%
Correct Answer
C
Correct Option:
20%

About This Question

This is Post Utme Greenfield University 2024 Economics Question 15. It is one of the objective questions from the 2024 Post Utme Greenfield University Economics examination.

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