If We Assume That Velocity Is Constant, and If the Money

question 163

Multiple Choice

If we assume that velocity is constant, and if the money supply increases by 6 percent, we would expect, ceteris paribus, that the price level would

• A)increase by 3 percent.
• B)increase by 6 percent.
• C)decrease by 3 percent.
• D)decrease by 6 percent.

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