Post Utme Lasu 2023 Economics Question 19
Practice objective / multiple choice question 19 from the 2023 Post Utme Lasu Economics examination.
The money market equilibrium is given by the equation: M = kPY, where M is the money supply, k is a cons\tant, P is the price level, and Y is real GDP. If the money supply increases from 100 to 120, and the price level increases from 2 to 3, what is the new equilibrium real GDP?
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About This Question
This is Post Utme Lasu 2023 Economics Question 19. It is one of the objective questions from the 2023 Post Utme Lasu Economics examination.
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