Post Utme Achievers University 2024 Economics Question 17
Practice objective / multiple choice question 17 from the 2024 Post Utme Achievers University Economics examination.
The government of a country has decided to implement a new economic policy aimed at reducing inflation. The policy involves increa\sing the interest rate to 10% and reducing the money supply by 5%. Assuming the demand for money is given by M = 1000 + 0.5Y, where Y is the GDP, and the supply of money is given by M = 2000 + 0.8Y, find the new equilibrium GDP.
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This is Post Utme Achievers University 2024 Economics Question 17. It is one of the objective questions from the 2024 Post Utme Achievers University Economics examination.
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