According to the Quantity Equation, If M Increases by 12

question 21

Multiple Choice

According to the quantity equation, if M increases by 12% and V and P are constant, then:

• A) Y will remain constant
• B) Y will decrease
• C) Y will increase by 12%
• D) Y will decrease by 12%

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Definitions:

Prediction

The act of making a forecast or estimate about a future event based on current knowledge or information.

Theory

A theory is a well-substantiated explanation of some aspect of the natural world, based on a body of facts that have been repeatedly confirmed through observation and experiment.

Brain Evolved

The process by which the brain has developed and changed over millions of years through evolutionary pressures.

Years Ago

A non-specific term used to indicate a specific amount of time in the past from the current point.