Post Utme Rsu 2025 Economics Question 4

Practice objective / multiple choice question 4 from the 2025 Post Utme Rsu Economics examination.

Post Utme Rsu 2025 Economics Objective / Multiple Choice
Question 4 POST_UTME_RSU • 2025 • ECONOMICS • objective

A country's central bank is considering a monetary policy intervention to stabilize the economy. The country's money supply is given by the following 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 central bank wants to increase the money supply by 10%, what is the required percentage change in real GDP?

Answer Options

A. 5%
Correct Answer B. 10%
C. 15%
D. 20%
Correct Answer
B
Correct Option:
10%

About This Question

This is Post Utme Rsu 2025 Economics Question 4. It is one of the objective questions from the 2025 Post Utme Rsu Economics examination.

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