According to the Simple Quantity Theory of Money,if the Money

question 106

Multiple Choice

According to the simple quantity theory of money,if the money supply falls by 20 percent,

• A) the price level will fall by 20 percent.
• B) Real GDP will rise by less than 20 percent.
• C) GDP will fall by 20 percent.
• D) velocity will rise.
• E) a and c

---

Definitions:

Agreeableness

A characteristic of personality defined by being friendly, compassionate, understanding, and ready to work together with others.

Identical Twin

Another term for monozygotic twins, emphasizing their genetic sameness.

Extraversion

A personality trait characterized by high levels of sociability, energy, and activity levels; enjoys being around people and seeks stimulation in external activities.

Agreeableness

Characterized by a cooperative and harmonious disposition, valuing social harmony and being considerate of others.