Post Utme Unilorin 2017 Economics Question 15
Practice objective / multiple choice question 15 from the 2017 Post Utme Unilorin Economics examination.
A central bank is considering a monetary policy to reduce inflation. The current inflation rate is 5%, and the central bank wants to reduce it to 3%. If the money supply is currently $100 billion, what is the new money supply needed to achieve the desired inflation rate?
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About This Question
This is Post Utme Unilorin 2017 Economics Question 15. It is one of the objective questions from the 2017 Post Utme Unilorin Economics examination.
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