Multiple Choice
Suppose that the money supply tripled,but at the same time velocity fell by half and real GDP was unchanged.According to the quantity equation the price level
A) is 1.5 times its old value.
B) is 3 times its old value.
C) is 6 times its old value.
D) is the same as its old value.
Correct Answer:
Verified
Correct Answer:
Verified
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