If Y and M Are Constant and V Doubles,the Quantity

question 17

Multiple Choice

If Y and M are constant and V doubles,the quantity equation implies that the price level

• A)falls to half its original level.
• B)doubles.
• C)more than doubles.
• D)does not change.

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Definitions:

Milliliters

A measurement of capacity in the metric system, equal to 0.001 liters.

Ounce

A unit of weight in the US customary and British imperial systems, equal to 1/16 of a pound or approximately 28.35 grams.

Milligram

A mass unit that is equivalent to 0.001 of a gram.

Gram

An expression of mass measuring exactly one thousandth of a kilogram.