Post Utme Lead City University 2021 Economics Question 5

Practice objective / multiple choice question 5 from the 2021 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2021 Economics Objective / Multiple Choice
Question 5 POST_UTME_LEAD_CITY_UNIVERSITY • 2021 • ECONOMICS • objective

A country's money supply is given by the equation M = 1000 + 0.5Y, where M is money supply and Y is income. If income increases by 10%, what is the percentage change in money supply?

Answer Options

A. -5%
B. 0%
Correct Answer C. 5%
D. 10%
Correct Answer
C
Correct Option:
5%

About This Question

This is Post Utme Lead City University 2021 Economics Question 5. It is one of the objective questions from the 2021 Post Utme Lead City University Economics examination.

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