Post Utme Osustech 2022 Economics Question 16
Practice objective / multiple choice question 16 from the 2022 Post Utme Osustech Economics examination.
A country's inflation rate is given by π = \( M/P \) - 1, where π is the inflation rate, M is the money supply, and P is the price level. If the money supply increases by 10% and the price level remains cons\tant, what is the new inflation rate?
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About This Question
This is Post Utme Osustech 2022 Economics Question 16. It is one of the objective questions from the 2022 Post Utme Osustech Economics examination.
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