Post Utme Igbinedion University 2021 Economics Question 37

Practice objective / multiple choice question 37 from the 2021 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2021 Economics Objective / Multiple Choice
Question 37 POST_UTME_IGBINEDION_UNIVERSITY • 2021 • ECONOMICS • objective

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

Answer Options

A. 10% decrease
B. 5% decrease
C. 5% increase
Correct Answer D. 10% increase
Correct Answer
D
Correct Option:
10% increase

About This Question

This is Post Utme Igbinedion University 2021 Economics Question 37. It is one of the objective questions from the 2021 Post Utme Igbinedion University Economics examination.

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