The quantity theory of money states that the money supply m, Ask an Expert

Economics

The quantity theory of money states that the money supply (M), velocity of money (V), price level (P), and real GDP (Y) are related by the equation . According to this equation, if velocity and real GDP are constant and the Federal Reserve decreases the money supply, then the price level _____. A. decreases B. increases C. does not change D. increases rapidly, then decreases slowly

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91870272

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