Which of the Following Is Not Implied by the Quantity

question 240

Multiple Choice

Which of the following is not implied by the quantity equation?

• A)If velocity is stable and money is neutral,an increase in the money supply creates a proportional increase in nominal output.
• B)If velocity is stable and money is neutral,an increase in the money supply creates a proportional increase in the price level.
• C)With constant money supply and output,an increase in velocity creates an increase in the price level.
• D)With constant money supply and velocity,an increase in output creates a proportional increase in the price level.

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Definitions:

Retinal Cells

Cells located in the retina of the eye, responsible for converting light into electrical signals for vision.

Retina

The light-sensitive layer at the back of the eye that converts light images into electrical signals sent to the brain.

Lens

In psychology, a metaphor for the perspective or viewpoint through which individuals perceive and interpret their environment.

Cornea

The clear, dome-shaped surface that covers the front of the eye, playing a key role in focusing vision.