Post Utme Summit University 2021 Economics Question 24

Practice objective / multiple choice question 24 from the 2021 Post Utme Summit University Economics examination.

Post Utme Summit University 2021 Economics Objective / Multiple Choice
Question 24 POST_UTME_SUMMIT_UNIVERSITY • 2021 • ECONOMICS • objective

A country's central bank increases the money supply by 10%. What is the effect on the general price level?

Answer Options

A. Increases by 5%
Correct Answer B. Increases by 10%
C. Increases by 15%
D. Remains unchanged
Correct Answer
B
Correct Option:
Increases by 10%

About This Question

This is Post Utme Summit University 2021 Economics Question 24. It is one of the objective questions from the 2021 Post Utme Summit University Economics examination.

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