Post Utme Unilorin 2021 Economics Question 5
Practice objective / multiple choice question 5 from the 2021 Post Utme Unilorin Economics examination.
A country's inflation rate is given by \( pi = \frac{MV}{PY} \), where M is money supply, V is velocity of money, P is price level, and Y is real GDP. If the money supply increases by 10%, and the velocity of money decreases by 5%, what is the percentage change in inflation rate?
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About This Question
This is Post Utme Unilorin 2021 Economics Question 5. It is one of the objective questions from the 2021 Post Utme Unilorin Economics examination.
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