Post Utme Oau 2017 Economics Question 14

Practice objective / multiple choice question 14 from the 2017 Post Utme Oau Economics examination.

Post Utme Oau 2017 Economics Objective / Multiple Choice
Question 14 POST_UTME_OAU • 2017 • ECONOMICS • objective

A country's money supply is given by M = 1000 + 0.5Y, where Y is the country's income. If the country's income is $100 billion, what is its money supply?

Answer Options

A. $50 billion
B. $100 billion
Correct Answer C. $150 billion
D. $200 billion
Correct Answer
C
Correct Option:
$150 billion

About This Question

This is Post Utme Oau 2017 Economics Question 14. It is one of the objective questions from the 2017 Post Utme Oau Economics examination.

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