Post Utme Ksu 2019 Economics Question 19

Practice objective / multiple choice question 19 from the 2019 Post Utme Ksu Economics examination.

Post Utme Ksu 2019 Economics Objective / Multiple Choice
Question 19 POST_UTME_KSU • 2019 • ECONOMICS • objective

A country's money supply is given by M = 1000 + 2Y, where Y is the national income. If the country's velocity of money is 5, find the equilibrium price level and the national income.

Answer Options

A. P = 10, Y = ₦5000
Correct Answer B. P = 20, Y = ₦10000
C. P = 5, Y = ₦2500
D. P = 15, Y = ₦7500
Correct Answer
B
Correct Option:
P = 20, Y = ₦10000

About This Question

This is Post Utme Ksu 2019 Economics Question 19. It is one of the objective questions from the 2019 Post Utme Ksu Economics examination.

View More Post Utme Ksu 2019 Economics Questions More Post Utme Ksu Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support