Post Utme Unilorin 2024 Economics Question 14

Practice objective / multiple choice question 14 from the 2024 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2024 Economics Objective / Multiple Choice
Question 14 POST_UTME_UNILORIN • 2024 • ECONOMICS • objective

A central bank uses a monetary policy tool to increase the money supply by 10%. What is the expected effect on the price level?

Answer Options

A. Price level increases by 5%
Correct Answer B. Price level increases by 10%
C. Price level remains unchanged
D. Price level decreases by 5%
Correct Answer
B
Correct Option:
Price level increases by 10%

About This Question

This is Post Utme Unilorin 2024 Economics Question 14. It is one of the objective questions from the 2024 Post Utme Unilorin Economics examination.

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