Post Utme Christopher University 2024 Economics Question 30

Practice objective / multiple choice question 30 from the 2024 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2024 Economics Objective / Multiple Choice
Question 30 POST_UTME_CHRISTOPHER_UNIVERSITY • 2024 • ECONOMICS • objective

A country's money supply is given by M = 1000 + 0.5Y, where M is money supply and Y is GDP. If the country's GDP increases by 10%, what is the percentage change in money supply?

Answer Options

A. -5%
B. 0%
C. 5%
Correct Answer D. 10%
Correct Answer
D
Correct Option:
10%

About This Question

This is Post Utme Christopher University 2024 Economics Question 30. It is one of the objective questions from the 2024 Post Utme Christopher University Economics examination.

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