Post Utme Unilorin 2018 Economics Question 32

Practice objective / multiple choice question 32 from the 2018 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2018 Economics Objective / Multiple Choice
Question 32 POST_UTME_UNILORIN • 2018 • ECONOMICS • objective

Consider a country that experiences an increase in the money supply from ₦100 billion to ₦120 billion. If the velocity of money is 2, find the new price level.

Answer Options

A. ₦120
Correct Answer B. ₦140
C. ₦160
D. ₦180
Correct Answer
B
Correct Option:
₦140

About This Question

This is Post Utme Unilorin 2018 Economics Question 32. It is one of the objective questions from the 2018 Post Utme Unilorin Economics examination.

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