Post Utme Joseph Ayo Babalola University 2017 Economics Question 5

Practice objective / multiple choice question 5 from the 2017 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2017 Economics Objective / Multiple Choice
Question 5 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2017 • ECONOMICS • objective

A country's money supply is given by the equation M = 1000 + 0.5Y, where M is the money supply and Y is the income. If the income is currently $10000, what is the money supply?

Answer Options

A. 5000
Correct Answer B. 6000
C. 7000
D. 8000
Correct Answer
B
Correct Option:
6000

About This Question

This is Post Utme Joseph Ayo Babalola University 2017 Economics Question 5. It is one of the objective questions from the 2017 Post Utme Joseph Ayo Babalola University Economics examination.

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