Post Utme Lautech 2018 Economics Question 28

Practice objective / multiple choice question 28 from the 2018 Post Utme Lautech Economics examination.

Post Utme Lautech 2018 Economics Objective / Multiple Choice

Question 28 POST_UTME_LAUTECH • 2018 • ECONOMICS • objective

The Central Bank of a country increases the money supply by 10%. What is the expected effect on the price level, assuming a cons\tant velocity of money?

Answer Options

Correct Answer A. 10% increase

B. 5% increase

C. No change

D. 5% decrease

Correct Answer

Correct Option:

10% increase

About This Question

This is Post Utme Lautech 2018 Economics Question 28. It is one of the objective questions from the 2018 Post Utme Lautech Economics examination.

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