Post Utme Veritas University 2021 Economics Question 28
Practice objective / multiple choice question 28 from the 2021 Post Utme Veritas University Economics examination.
The money supply in an economy is given by the equation M = kPY, where M is the money supply, k is a cons\tant, P is the price level, and Y is the national income. If the price level is ₦100, the national income is ₦500 billion, and the cons\tant k is 0.01, what is the money supply?
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About This Question
This is Post Utme Veritas University 2021 Economics Question 28. It is one of the objective questions from the 2021 Post Utme Veritas University Economics examination.
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