According to the Quantity Theory of Money, a Decrease in the Quantity

Multiple Choice

According to the quantity theory of money, a decrease in the quantity of money causes

A) both average prices and real GDP to decrease.
B) average prices to decrease but nominal GDP to increase.
C) both average prices and nominal GDP to increase.
D) both average prices and nominal GDP to decrease.
E) average prices to decrease but nominal GDP will stay constant.