Post Utme Lasu 2024 Economics Question 3

Practice objective / multiple choice question 3 from the 2024 Post Utme Lasu Economics examination.

Post Utme Lasu 2024 Economics Objective / Multiple Choice

Question 3 POST_UTME_LASU • 2024 • ECONOMICS • objective

The government of a country has a budget deficit of ₦100 billion. If the government decides to finance this deficit by printing more money, what will be the effect on the general price level?

A. The general price level will decrease.

Correct Answer B. The general price level will increase.

C. The general price level will remain unchanged.

D. The general price level will be unaffected.

Correct Answer

Correct Option:

The general price level will increase.

This is Post Utme Lasu 2024 Economics Question 3. It is one of the objective questions from the 2024 Post Utme Lasu Economics examination.

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