If the Money Supply Is $20,000,velocity Is 3,and Real GDP

Multiple Choice

If the money supply is $20,000,velocity is 3,and Real GDP is 5,000 units of output,then the price level is _____________.If the money supply doubled over a short time period to $40,000,the simple quantity theory of money would predict that _____________________.

A) $12; the price level would double
B) $6; Real GDP would double
C) $12; the price level would be cut in half
D) $6; the price level would double