To Look for Evidence Concerning Whether Higher Money Growth Leads

Multiple Choice

To look for evidence concerning whether higher money growth leads to higher inflation, one should, according to the quantity equation, examine periods of time when

A) changes in velocity and real GDP were small compared to changes in inflation and money growth.
B) changes in the price level and real GDP were small compared to changes in velocity and money growth.
C) changes in the price level and velocity were small compared to changes in velocity and real GDP.
D) changes in the price level and money growth were small compared to changes in inflation and money growth.
E) changes in velocity were small compared to changes in the price level, money growth, and real GDP.