Post Utme Pan Atlantic University 2021 Economics Question 5

Practice objective / multiple choice question 5 from the 2021 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2021 Economics Objective / Multiple Choice
Question 5 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2021 • ECONOMICS • objective

A central bank increases the money supply by 10%. If the velocity of money is 2, what is the percentage change in the price level?

Answer Options

A. 5%
Correct Answer B. 10%
C. 15%
D. 20%
Correct Answer
B
Correct Option:
10%

About This Question

This is Post Utme Pan Atlantic University 2021 Economics Question 5. It is one of the objective questions from the 2021 Post Utme Pan Atlantic University Economics examination.

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