According to the Quantity Equation, If V and M Are

question 78

Multiple Choice

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

• A) It will fall to half its original level.
• B) It will not change.
• C) It will double.
• D) It will more than double.

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Definitions:

Negative Reinforcement

A psychological strategy that involves the removal of an unfavorable outcome or stimulus to increase the likelihood of a desired behavior.

Positive Reinforcement

A technique in behavior management that involves providing a reward or incentive following a desired behavior to increase the likelihood of its recurrence.

Unpleasant Event

Refers to an occurrence that is disagreeable or causes discomfort.

Omission

A failure to include or do something, often leading to a lack or gap in information or action.