Suppose the Velocity of Money Is 6, the Amount of Money

Multiple Choice

Suppose the velocity of money is 6, the amount of money in circulation is $600 billion, the index of prices is 180, and real GDP is $20 billion. According to the strict quantity theory of money, if the money supply decreased to $300 billion,

A) the velocity of money would rise to 12.
B) the index of prices would fall to 90.
C) real GDP would decrease to $10 billion.
D) the velocity of money would decline to 3.