Post Utme Joseph Ayo Babalola University 2022 Economics Question 20

Practice objective / multiple choice question 20 from the 2022 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2022 Economics Objective / Multiple Choice
Question 20 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2022 • ECONOMICS • objective

A country's money supply is determined by the central bank's monetary policy. If the central bank increases the money supply by 10%, what will be the effect on the general price level?

Answer Options

Correct Answer A. The general price level will increase by 10%.
B. The general price level will decrease by 10%.
C. The general price level will remain unchanged.
D. The general price level will experience a decrease in inflation.
Correct Answer
A
Correct Option:
The general price level will increase by 10%.

About This Question

This is Post Utme Joseph Ayo Babalola University 2022 Economics Question 20. It is one of the objective questions from the 2022 Post Utme Joseph Ayo Babalola University Economics examination.

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