According to the Quantity Equation,the Price Level Would Change Less

question 164

Multiple Choice

According to the quantity equation,the price level would change less than proportionately with a rise in the money supply if there were also

• A)either a rise in output or a rise in velocity.
• B)either a rise in output or a fall in velocity.
• C)either a fall in output or a rise in velocity.
• D)either a fall in output or a fall in velocity.

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Definitions:

Telepathic

Relating to the supposed ability to communicate thoughts directly from one mind to another without speaking or writing.

Communication Method

The means or system used to convey messages or information between individuals or groups, including verbal, nonverbal, and written forms.

Extra-sensory

Pertains to perceptions or phenomena that occur beyond the normal scope of the five basic human senses.

Dangling Modifiers

A word or phrase that modifies a word not clearly stated in the sentence, often leading to confusing or illogical sentences.