If Purchasing-Power Parity Holds,when a Country's Central Bank Decreases the Money

Multiple Choice

If purchasing-power parity holds,when a country's central bank decreases the money supply,its

A) price level rises and its currency appreciates relative to other currencies in the world.
B) price level falls and its currency appreciates relative to other currencies in the world.
C) price level rises and its currency depreciates relative to other currencies in the world.
D) price level falls and its currency depreciates relative to other currencies in the world.