Post Utme Lautech 2018 Economics Question 12

Practice objective / multiple choice question 12 from the 2018 Post Utme Lautech Economics examination.

Post Utme Lautech 2018 Economics Objective / Multiple Choice
Question 12 POST_UTME_LAUTECH • 2018 • ECONOMICS • objective

A country's money supply is increased by the central bank. What is the likely effect on the price level?

Answer Options

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

About This Question

This is Post Utme Lautech 2018 Economics Question 12. It is one of the objective questions from the 2018 Post Utme Lautech Economics examination.

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