According to the Quantity Equation, If Y and M Are

question 118

Multiple Choice

According to the quantity equation, if Y and M are constant and V doubles, what factor does the price level multiply by?

• A) 1/4
• B) 1/2
• C) 1
• D) 2

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Definitions:

Deductively Valid

A characteristic of an argument where if the premises are true, the conclusion must also be true.

Sound

A deductive argument that is valid and that has true premises.

False Conclusion

An incorrect decision or inference drawn from reasoning or argumentation, often due to flawed logic or premises.

Universal Proposition

A statement or idea that is intended to apply universally, without exceptions, across all contexts or situations.