Post Utme Skyline University 2019 Economics Question 19

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

Post Utme Skyline University 2019 Economics Objective / Multiple Choice
Question 19 POST_UTME_SKYLINE_UNIVERSITY • 2019 • ECONOMICS • objective

A country's money supply is given by M = 100 + 2Y, where Y is the level of economic activity. If the velocity of money is V = 4, and the price level is P = 10, what is the optimal level of economic activity (Y) that the country should aim for?

Answer Options

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

About This Question

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

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