Post Utme Summit University 2019 Economics Question 29

Practice objective / multiple choice question 29 from the 2019 Post Utme Summit University Economics examination.

Post Utme Summit University 2019 Economics Objective / Multiple Choice

Question 29 POST_UTME_SUMMIT_UNIVERSITY • 2019 • ECONOMICS • objective

A country's money supply is increa\sing at a rate of 10% per annum. What is the expected effect on the country's inflation rate?

Answer Options

A. The inflation rate will decrease.

Correct Answer B. The inflation rate will increase.

C. The inflation rate will remain cons\tant.

D. The inflation rate will fluctuate.

Correct Answer

Correct Option:

The inflation rate will increase.

About This Question

This is Post Utme Summit University 2019 Economics Question 29. It is one of the objective questions from the 2019 Post Utme Summit University Economics examination.

View More Post Utme Summit University 2019 Economics Questions More Post Utme Summit University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support