If the Money Supply Is $3,000,velocity Is 4 and the Price

Multiple Choice

If the money supply is $3,000,velocity is 4 and the price level is $2,then Real GDP is _____________ units of output.If the money supply doubled over a short time period to $6,000,the simple quantity theory of money would predict that ______________________.

A) 3,000; the price level would double
B) 6,000; Real GDP would double
C) 625; the price level would be cut in half
D) 6,000; the price level would double