Post Utme Mountain Top University 2022 Economics Question 20

Practice objective / multiple choice question 20 from the 2022 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2022 Economics Objective / Multiple Choice
Question 20 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2022 • ECONOMICS • objective

The inflation rate in an economy is the rate at which the general price level of goods and services is ri\sing. Which of the following is a correct effect of inflation?

Answer Options

Correct Answer A. The purcha\sing power of money decreases.
B. The value of money increases.
C. The level of economic activity increases.
D. The level of unemployment decreases.
Correct Answer
A
Correct Option:
The purcha\sing power of money decreases.

About This Question

This is Post Utme Mountain Top University 2022 Economics Question 20. It is one of the objective questions from the 2022 Post Utme Mountain Top University Economics examination.

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