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18 December, 23:19

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.

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Answers (1)
  1. 18 December, 23:25
    0
    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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