Post Utme Noun 2021 Economics Question 28

Practice objective / multiple choice question 28 from the 2021 Post Utme Noun Economics examination.

Post Utme Noun 2021 Economics Objective / Multiple Choice
Question 28 POST_UTME_NOUN • 2021 • ECONOMICS • objective

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

Answer Options

Correct Answer A. Price level increases by 10%
B. Price level remains unchanged
C. Price level decreases by 10%
D. Price level increases by 20%
Correct Answer
A
Correct Option:
Price level increases by 10%

About This Question

This is Post Utme Noun 2021 Economics Question 28. It is one of the objective questions from the 2021 Post Utme Noun Economics examination.

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