Peterson2743 Peterson2743

25-12-2019
Social Studies

contestada

If Y and M are constant and V doubles, the quantity equation implies that the price level
a. more than doubles.
b. falls to half its original level.
c. does not change.
d. doubles.

Respuesta :

ARRIDOH ARRIDOH

26-12-2019

Answer: Option D -- Doubles

Explanation:

In a situation where V doubles, based on quantity equation, the price level also doubles, provided Y and M are constant.

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