Post Utme Redeemers University 2020 Economics Question 34

Practice objective / multiple choice question 34 from the 2020 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2020 Economics Objective / Multiple Choice
Question 34 POST_UTME_REDEEMERS_UNIVERSITY • 2020 • ECONOMICS • objective

A central bank increases the money supply by 10%. If the price level is initially 100, what is the new price level?

Answer Options

A. 110
Correct Answer B. 115
C. 120
D. 125
Correct Answer
B
Correct Option:
115

About This Question

This is Post Utme Redeemers University 2020 Economics Question 34. It is one of the objective questions from the 2020 Post Utme Redeemers University Economics examination.

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