According to the Quantity Equation, If Y and V Are

question 160

Multiple Choice

According to the quantity equation, if Y and V are constant, and M doubles, which of the following will happen to the price level?

• A)It will more than double.
• B)It will less than double.
• C)It will double.
• D)It might double, less than double, or more than double; more information is needed.

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Definitions:

Propinquity

Refers to the physical or psychological proximity between people.

Collectivist Society

A society that emphasizes communal goals, cooperation, and the welfare of the group over individual interests.

Tendency to Conform

The inclination of individuals to adjust their thoughts, feelings, or behaviors in agreement with social norms or group standards.

Social Learning

The theory that people learn from one another through observation, imitation, and modeling, highlighting the importance of social behavior in learning.