Post Utme Madonna University 2021 Economics Question 10

Practice objective / multiple choice question 10 from the 2021 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2021 Economics Objective / Multiple Choice
Question 10 POST_UTME_MADONNA_UNIVERSITY • 2021 • ECONOMICS • objective

A central bank increases the money supply by 10%. What is the expected effect on the price level?

Answer Options

Correct Answer A. 10% increase
B. 5% increase
C. 5% decrease
D. 10% decrease
Correct Answer
A
Correct Option:
10% increase

About This Question

This is Post Utme Madonna University 2021 Economics Question 10. It is one of the objective questions from the 2021 Post Utme Madonna University Economics examination.

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