Post Utme Unilag 2023 Economics Question 5

Practice objective / multiple choice question 5 from the 2023 Post Utme Unilag Economics examination.

Post Utme Unilag 2023 Economics Objective / Multiple Choice
Question 5 POST_UTME_UNILAG • 2023 • ECONOMICS • objective

A country's inflation rate is 10% per annum. Which of the following is a possible explanation for the high inflation rate?

Answer Options

Correct Answer A. The country has experienced an increase in the money supply.
B. The country has experienced an increase in the capital stock.
C. The country has experienced an increase in the labor force.
D. The country has experienced an increase in the price level.
Correct Answer
A
Correct Option:
The country has experienced an increase in the money supply.

About This Question

This is Post Utme Unilag 2023 Economics Question 5. It is one of the objective questions from the 2023 Post Utme Unilag Economics examination.

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