Post Utme Lasu 2023 Economics Question 6

Practice objective / multiple choice question 6 from the 2023 Post Utme Lasu Economics examination.

Post Utme Lasu 2023 Economics Objective / Multiple Choice
Question 6 POST_UTME_LASU • 2023 • ECONOMICS • objective

The Central Bank of Nigeria (CBN) has implemented a monetary policy aimed at reducing inflation. If the money supply increases by 10% and the velocity of money remains cons\tant, what will be the effect on the price level?

Answer Options

A. Increase by 10%
B. Decrease by 10%
Correct Answer C. Remain unchanged
D. Increase by 20%
Correct Answer
C
Correct Option:
Remain unchanged

About This Question

This is Post Utme Lasu 2023 Economics Question 6. It is one of the objective questions from the 2023 Post Utme Lasu Economics examination.

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