Waec Model Questions Vol1 2022 Economics Question 33
Practice objective / multiple choice question 33 from the 2022 Waec Model Questions Vol1 Economics examination.
In an economy the velocity of money (V) is constant at 5. Real GDP is expected to grow by 3 % this year. The government wants to achieve an inflation rate of 6 % this year. According to the quantity theory of money (MV = PY), by what percentage must the nominal money supply be increased?
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About This Question
This is Waec Model Questions Vol1 2022 Economics Question 33. It is one of the objective questions from the 2022 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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