Post Utme Bowen University 2020 Economics Question 35
Practice objective / multiple choice question 35 from the 2020 Post Utme Bowen University Economics examination.
A country's money supply is given by the equation: M = kPY, where M is the money supply, k is the velocity of money, P is the price level, and Y is real GDP. If the velocity of money increases by 10% and the price level increases by 5%, what is the percentage change in the money supply?
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About This Question
This is Post Utme Bowen University 2020 Economics Question 35. It is one of the objective questions from the 2020 Post Utme Bowen University Economics examination.
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