Post Utme Greenfield University 2025 Economics Question 5

Practice objective / multiple choice question 5 from the 2025 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2025 Economics Objective / Multiple Choice
Question 5 POST_UTME_GREENFIELD_UNIVERSITY • 2025 • ECONOMICS • objective

A central bank increases the money supply by 10%. If the demand for money is given by the equation \( M = 1000 - 2P \), where P is the price level, what is the new price level?

Answer Options

A. ₦500
Correct Answer B. ₦600
C. ₦700
D. ₦800
Correct Answer
B
Correct Option:
₦600

About This Question

This is Post Utme Greenfield University 2025 Economics Question 5. It is one of the objective questions from the 2025 Post Utme Greenfield University Economics examination.

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