Post Utme Uniosun 2020 Economics Question 5

Practice objective / multiple choice question 5 from the 2020 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2020 Economics Objective / Multiple Choice
Question 5 POST_UTME_UNIOSUN • 2020 • ECONOMICS • objective

A central bank is considering a monetary policy to reduce unemployment. If the money supply is given by the equation M = 1000 + 0.5Y, where M is the money supply and Y is the national income, and the unemployment rate is 10%, what should be the optimal money supply?

Answer Options

A. ₦5000
Correct Answer B. ₦6000
C. ₦7000
D. ₦8000
Correct Answer
B
Correct Option:
₦6000

About This Question

This is Post Utme Uniosun 2020 Economics Question 5. It is one of the objective questions from the 2020 Post Utme Uniosun Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support