Question: 1. According to the quantity equation, if V and M are constant and Y doubles, what will happen to the price level? a. It will

1. According to the quantity equation, if V and M are

1. According to the quantity equation, if V and M are constant and Y doubles, what will happen to the price level? a. It will more than double. b. It will double. c. It will fall to half its original level. d. It will not change

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