If the Money Supply Is $6,000,velocity Is 5,and Real GDP

Multiple Choice

If the money supply is $6,000,velocity is 5,and Real GDP is 10,000 units of output,then the price level is _____________.If the money supply doubled over a short time period to $12,000,the simple quantity theory of money would predict that _____________________.

A) $3; the price level would double
B) $3; Real GDP would double
C) $3; the price level would be cut in half
D) $2; the price level would double