Post Utme Crawford University 2024 Economics Question 2
Practice objective / multiple choice question 2 from the 2024 Post Utme Crawford University Economics examination.
The Central Bank of Nigeria (CBN) has implemented a monetary policy to reduce inflation. The policy involves a decrease in the money supply by 5%. If the demand for money is given by M = 1000 + 0.5Y, where Y is the national income, what is the effect of the policy on the interest rate?
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About This Question
This is Post Utme Crawford University 2024 Economics Question 2. It is one of the objective questions from the 2024 Post Utme Crawford University Economics examination.
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