Multiple Choice
Suppose over some period of time the money supply tripled,velocity was unchanged,and real GDP doubled.According to the quantity equation the price level is now
A) 6 times its old value.
B) 3 times its old value.
C) 1.5 times its old value.
D) 0.75 times its old value
Correct Answer:
Verified
Correct Answer:
Verified
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