Post Utme Joseph Ayo Babalola University 2017 Economics Question 39

Practice objective / multiple choice question 39 from the 2017 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2017 Economics Objective / Multiple Choice
Question 39 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2017 • ECONOMICS • objective

A central bank increases the money supply by 10%. What is the effect on the price level, assuming a cons\tant velocity of money?

Answer Options

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

About This Question

This is Post Utme Joseph Ayo Babalola University 2017 Economics Question 39. It is one of the objective questions from the 2017 Post Utme Joseph Ayo Babalola University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support