According to the Quantity Equation, the Price Level Would Change

question 157

Multiple Choice

According to the quantity equation, the price level would change less than proportionately with a rise in the money supply if there were also either a

• A)rise in output or a rise in velocity.
• B)rise in output or a fall in velocity.
• C)fall in output or a rise in velocity.
• D)fall in output or a fall in velocity.