Post Utme Ims U 2018 Economics Question 25

Practice objective / multiple choice question 25 from the 2018 Post Utme Ims U Economics examination.

Post Utme Ims U 2018 Economics Objective / Multiple Choice
Question 25 POST_UTME_IMS_U • 2018 • ECONOMICS • objective

A country's money supply (M) is increa\sing at a rate of 10% per annum. If the velocity of money (V) is cons\tant, what is the likely outcome for the country's price level?

Answer Options

Correct Answer A. The price level will increase
B. The price level will decrease
C. The price level will remain unchanged
D. The price level will fluctuate
Correct Answer
A
Correct Option:
The price level will increase

About This Question

This is Post Utme Ims U 2018 Economics Question 25. It is one of the objective questions from the 2018 Post Utme Ims U Economics examination.

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