Post Utme Uniosun 2019 Economics Question 10

Practice objective / multiple choice question 10 from the 2019 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2019 Economics Objective / Multiple Choice
Question 10 POST_UTME_UNIOSUN • 2019 • ECONOMICS • objective

A central bank has a money supply function given by M = 1000 + 10Y. If the central bank's target inflation rate is 2%, and the current inflation rate is 3%, what is the central bank's optimal money supply?

Answer Options

A. ₦1100
Correct Answer B. ₦1200
C. ₦1300
D. ₦1400
Correct Answer
B
Correct Option:
₦1200

About This Question

This is Post Utme Uniosun 2019 Economics Question 10. It is one of the objective questions from the 2019 Post Utme Uniosun Economics examination.

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