Post Utme Ui 2017 Economics Question 25

Practice objective / multiple choice question 25 from the 2017 Post Utme Ui Economics examination.

Post Utme Ui 2017 Economics Objective / Multiple Choice
Question 25 POST_UTME_UI • 2017 • ECONOMICS • objective

A country's inflation rate is given by the following equation:\n\n\( pi = 2 + 0.5y \), where ( y ) is the growth rate of the money supply.\n\nIf the inflation rate is 10%, find the growth rate of the money supply.

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 Ui 2017 Economics Question 25. It is one of the objective questions from the 2017 Post Utme Ui Economics examination.

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